Arrears or advance salary
This query is : Resolved
06 February 2016
TOTAL INCOME Rs.499931/-
(Excluding salary received in arrears or advance)
salary received in arrear or advance Rs.313396/-
TOTAL INCOME Rs.813327/-
(as increased by salary received in arrears or advance)
TAX ON TOTAL INCOME (as per item 3) ?
TAX ON TOTAL INCOME (as per item 1) ?
RELIEF UNDER SECTION 89(1) ?
(Excluding salary received in arrears or advance)
salary received in arrear or advance Rs.313396/-
TOTAL INCOME Rs.813327/-
(as increased by salary received in arrears or advance)
TAX ON TOTAL INCOME (as per item 3) ?
TAX ON TOTAL INCOME (as per item 1) ?
RELIEF UNDER SECTION 89(1) ?
06 February 2016
under relief u/s 89 Step
1 Calculate tax payable on the total income, including additional salary – in the year it is received Ste 2 Calculate tax payable on the total income, excluding additional salary – in the year it is received
3 Calculate difference between Step 1 and Step 2
4 Calculate tax payable on the total income of the year to which the arrears relate, excluding arrears 5 Calculate tax payable on the total income of the year to which the arrears relate, including arrears 6 Calculate difference between Step 4 and Step 5 Step 7 Excess of amount at Step 3 over Step 6 is the tax relief that shall be allowed. Note that if amount at Step 6 is more than amount at Step 3 no relief shall be allowed.
1 Calculate tax payable on the total income, including additional salary – in the year it is received Ste 2 Calculate tax payable on the total income, excluding additional salary – in the year it is received
3 Calculate difference between Step 1 and Step 2
4 Calculate tax payable on the total income of the year to which the arrears relate, excluding arrears 5 Calculate tax payable on the total income of the year to which the arrears relate, including arrears 6 Calculate difference between Step 4 and Step 5 Step 7 Excess of amount at Step 3 over Step 6 is the tax relief that shall be allowed. Note that if amount at Step 6 is more than amount at Step 3 no relief shall be allowed.
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