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Arrears salary

This query is : Resolved 

09 July 2012 Pls help me out t know the taxability of arrears of salary in which year?????

09 July 2012 soni,salarey is taxble due basis and relief u/s89u

09 July 2012 Salary is taxable in that year for which it relates. But releif u/s 89(1)is available for you. So if your tax is more in year of receipt due to this arrear then you can get benefit of 89(1)

09 July 2012 Salary is Taxable on the basis of Receipt or Due, whichever is earlier.
Now u r talking about Arrears Of Salary so its taxable in a year of receipt if same is not taxable on due basis.....
for eg: If a person recv salary in FY 2011-12 as an arrears of salary for FY 2005-06. then its taxable in A.Y. 12-13 (on receipt basis) if the same was not taxable in A.Y. 06-07 (on due basis).

09 July 2012 thanks a lot to all.


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