Relief u/s 89(1)
This query is : Resolved
Pankaj Bagherwal
(Querist)
01 August 2017
Arrear received during Fy 2016-17 (Aug 17) related to Sep 14 to July 17 as follows
Basic 49694+DA 274076+HRA 19651+HDA 4140=347561(total)
Deduction Pension 50905+SIP 16500+Tds 35000= 245156 Net Received.
Income for FY 2016-17 Including Above arrear
Basic 182394 DA 413704 HRA 30290 HDA 5940 Bonus 6774=639642
Deduction
80C 149555
Rent paid 5000 PM for fy 2016-17
Return filled
For Fy 2014-15 Showing Income 245850
For Fy 2015-16 Showing Income 264000
Please advise about relief U/s 89(1)
Basic 49694+DA 274076+HRA 19651+HDA 4140=347561(total)
Deduction Pension 50905+SIP 16500+Tds 35000= 245156 Net Received.
Income for FY 2016-17 Including Above arrear
Basic 182394 DA 413704 HRA 30290 HDA 5940 Bonus 6774=639642
Deduction
80C 149555
Rent paid 5000 PM for fy 2016-17
Return filled
For Fy 2014-15 Showing Income 245850
For Fy 2015-16 Showing Income 264000
Please advise about relief U/s 89(1)
Amol S Joglekar
(Expert)
01 August 2017
bifurcate the arrears financial year wise....sept 14 to Mar 2015, Apr 2015 to Mar 2016, Apr 2016 to Mar 2017. The remaining will go to current year. Work out if 89(1) proves to be beneficial..... if yes... fill form 10E
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