Income Tax Form Ten E

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This discussion clarifies how to correctly declare arrears received in a later financial year on Income Tax Form 10E. It addresses how to account for income from previous years (19-20 and 20-21) when filing for the current year (21-22), considering both the original income and subsequent arrears received. The conversation also touches upon the tax implications and calculations based on these adjusted income figures.

Rashmi Asija

Rashmi Asija (Querist)
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27 July 2022 suppose income of 19-20 is 500000

Income of 20-21 is 1000000 which includes 100000 arrears of 19-20 and accordingly 10E filed for 20-21

Now in 21-22 again arrears of 250000/- received for 19-20 and 300000 for 20-21.

Now for 21-22 10E Form can we consider 600000 income for 19-20 and 900000 for 20-21
or 500000 for 19-20 and 1000000 for 20-21

Manish

Manish (Expert)
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27 July 2022 It will be 5 lac + 1 lac + 2.5 lac = 8.5 lac for 19-20
And (9+3) = 11 lac for 20-21

Rashmi Asija

Rashmi Asija (Querist)
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27 July 2022 Ok and what will be tax suppose in 19-20 tax is 12500 and on additional 100000 tax is 20000
So we have to add up 12500 and 20000 tax in year 19-20 column

and Tax on 900000 (excl tax on 100000) Rs. 92500

Manish

Manish (Expert)
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28 July 2022 85,800 on 8.5 lac
1,48,200 on 11 lac

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