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Arrears of salary

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(Querist)
26 July 2012 Hello,

A person got arrears of salary from 1992.
And the amount is around 35 lacs.

So what is the taxability of it...?
And what about the rebate under Section 89.

Reply soon.....
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Amol S Joglekar

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Amol S Joglekar (Expert)
26 July 2012 You can take the benefit of section 89. No problem. For any help may contact on amolshankar@gmail.com. If you need that employer should deduct tax based on section 89, make use of form 10E
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SANYAM ARORA

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SANYAM ARORA (Expert)
26 July 2012 Yes the said amount will be taxable and you will get the benefit u/s 89
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Sanket

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Sanket (Querist)
27 July 2012 But how it will be taxable means which tax rate will apply here....???

And how rebate can be claimed...???

Guide me....
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