after recomendations of sixth pay commission,empolyees are getting salary this year with arrear. govt are giving 40% arrear in this year & balance in next year. but my question is now regarding the taxablity of arrear amount.
whether whole amount is taxable this year or only 40% is taxable.
in my opinion,100% arrear amount is taxable in year of accrual but there is common doubt among the public that govt has come with a clarification that only 40 % arrear is taxable this year & balance is taxable in next year
have you any information this regard & please share with me on urgent basis.
thanks

Can anybody pls, tell me,,what are the changes in Income Tax for the Asst.yr.2009-10 - Significant changes (for the Preparation of PCE exam June'09)

I want to know what is the meaning of daily allowance for the pupose of calculating Rs.6000 rider clouse and 70% of actual received amount of flying allowance. allowance is received when an employee fly.
Employee get flying allowance when he actually travel .

whether Tds is applicable on inuaguration expenses for new office

Can anybody provide a clarification regarding notification 9/2009 dt.03.03.09 on SEZ .....does it mean now service provider will charge service tax to sez units / developer & sez will file claim for refund against specified services .

To sum up bills raised by service providers to sez will be chargeable to service tax .......is it correct.

A Socity is registerd under Socity Registration act 1972 in m.p.this society is operating a school.& there reciepts are 16 lacs during the financial year 2007-08.& after deducting all expenses surplus is 45000.
now my query is that is this society has to file a return ?& if applicable then how much tax liability will be imposed. this society is operating school only. not any other activity.

dear sir/madam

i have no any mediclaim policy but i made 22000/- expenses on medical and hospital charges. can i avail deduction rs. 15000/- as under section 80D or not

whether the provident fund paid by both the employer and employee is deductable under section 80c?

whether the portion of pf paid by the employer is the part of salary?

if not sent me a detailed explanation

MR A is a Chartered Accountant. He and his wife are holding more than 50% of shareholding in ABC Pvt Ltd.ABC Pvt. Ltd is an insurance broking company. Can Mr.A (Chartered Accountant in Practice) hold office as director or non-executive chairman in ABC Pvt. Ltd.

whether internet charges is liable for fbt & what is leased telephone line