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