Arrears salary

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kailash soni

kailash soni (Querist)
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09 July 2012 Pls help me out t know the taxability of arrears of salary in which year?????

srinivas reddy

srinivas reddy (Expert)
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09 July 2012 soni,salarey is taxble due basis and relief u/s89u

CA Prashant Gupta

CA Prashant Gupta (Expert)
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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)

Mohit Naithani

Mohit Naithani (Expert)
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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).

kailash soni

kailash soni (Querist)
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09 July 2012 thanks a lot to all.

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