Arrear of salary
This query is : Resolved
19 February 2014
what is the tax treatment of arrear of salary?
if it is received 350000?
19 February 2014
Since you have received arrear salary, the entire income will be taxable in the year of receipt.
However, you can claim rebate under Section 89.
This relief will reduce your tax liability massively.
However, you can claim rebate under Section 89.
This relief will reduce your tax liability massively.
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