Arrears salary of past months given in Quarter 4
This query is : Resolved
13 January 2022
Dear Sir,
One of my client has to receive arrears salary of past months of Rs. 3 lacs which the employer is willing to give in Quarter 4 of F.Y. 2021-22.
The total salary of the employee is Rs. 3.5 lacs p.a.
Is this transaction allowed as per Income tax as the employer will be giving Rs. 3 lacs in 3 months divided as Rs. 1 lac per month from Jan to Mar in Quarter 4
Please help me in this matter.
Regards,
Divyesh Jain
One of my client has to receive arrears salary of past months of Rs. 3 lacs which the employer is willing to give in Quarter 4 of F.Y. 2021-22.
The total salary of the employee is Rs. 3.5 lacs p.a.
Is this transaction allowed as per Income tax as the employer will be giving Rs. 3 lacs in 3 months divided as Rs. 1 lac per month from Jan to Mar in Quarter 4
Please help me in this matter.
Regards,
Divyesh Jain
13 January 2022
What is the alternative left to employee?
No harm if the total salary is offered for assessment in ITR..
No harm if the total salary is offered for assessment in ITR..
13 January 2022
Ok, Thanks for your reply Sir
13 January 2022
Most Welcome ...
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