Form 10e

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Abhishek Roy Choudhury (Querist)
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10 July 2016 Dear Sir,
An Salaried Assesse has received arrear salary for F.Y. 2012-13, 2013-14, 2014-15 in F.Y. 2015-16. The bank has given calculation sheet as per the format of Form 10E. In page table A they have given calculation for three financial years i.e. F.Y. 2012-13, 2013-14, 2014-15. My question is whether it is required to show F.Y. 2015-16 in Table A in Form 10E or not.

Please suggest as early as possible.

Thanks,
Abhishek.

Abhishek Roy Choudhury

Abhishek Roy Choudhury (Querist)
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12 July 2016 Dear Sir,
I request you to please reply my query at the earliest.

Thanks,
Abhishek

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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25 July 2024 Form 10E is used for claiming relief under Section 89(1) of the Income Tax Act, 1961, for arrears or advance salary received in a financial year. Here's how you should approach the situation regarding the calculation of arrears and the use of Form 10E:

1. **Arrears Calculation:**
- The arrears of salary received in the financial year 2015-16 pertains to the financial years
- The calculation sheet provided by the bank as per the format of Form 10E typically includes details for each of these financial years separately.

2. **Use of Form 10E:**
- Form 10E should be filed to claim relief under Section 89(1) for the arrears received in the financial year 2015-16.
- Table A of Form 10E requires details of the arrears received and the tax calculated thereon for each of the relevant financial years .

3. **Inclusion of F.Y. 2015-16 in Table A:**
- No, you do not need to include F.Y. 2015-16 in Table A of Form 10E.
- Table A is specifically for providing details of the arrears received in earlier financial years and the tax payable on these arrears as per the applicable tax rates of those years.
- Since the arrears pertains to these earlier years and you are claiming relief under Section 89(1) for those years, you should only include the details of arrears and tax calculations for FYs in Table A.

4. **Other Considerations:**
- Ensure that the calculation sheet provided by the bank is accurate and correctly reflects the arrears received for each relevant financial year.
- File Form 10E along with your income tax return for the assessment year relevant to the financial year in which the arrears were received (i.e., for F.Y. 2015-16, the assessment year is 2016-17).

By following these guidelines, you can correctly claim relief under Section 89(1) using Form 10E for the arrears received in F.Y. 2015-16 pertaining to F.Ys. Always double-check with a tax professional or refer to the latest guidelines from the Income Tax Department for any updates or specific requirements.

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