Interest on salary arrears
This query is : Resolved
18 June 2019
Dear Sir,
Im Filing income tax return for government employee and government has paid salary arrears from 2014 to 2019 also paid interest on arrears
in this case for example
salary 2014 to 2018 = 700000
Total arrears 2014 to 2018 = 850000 (Arrears -700000 & Interest 150000)
150000 interest is taxable or not
Kindly solve our problem
sssanjayhg@gmail.com
Im Filing income tax return for government employee and government has paid salary arrears from 2014 to 2019 also paid interest on arrears
in this case for example
salary 2014 to 2018 = 700000
Total arrears 2014 to 2018 = 850000 (Arrears -700000 & Interest 150000)
150000 interest is taxable or not
Kindly solve our problem
sssanjayhg@gmail.com
19 June 2019
As of my view, you may Calculate Tax Relief u/s 89 (1) for Arrears of Salary received. And interest receipt is fully taxable. ( But it is new to know that Interest also paid for arrear salary)
19 June 2019
Thank You sir,
Yes Sir from 2014 to till interest paid to salary arrears
Yes Sir from 2014 to till interest paid to salary arrears
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20 June 2019
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