Relief under section 89
This query is : Resolved
05 March 2017
One of my client joined the job in 2013-14.But her post approved in 2016-17 only.
From 2013-14 to 2015-16 he did not receive any salary. So actual salary received in all these years is Zero.
Now after approval of his post he received salary from previous years as follows
Financial Year -2013-14 -RS 176,215
2014-15-Rs 359,340
2015-16-Rs 398,789
He is eligible for 80C deduction around Rs 100,000 in all these years.
So my doubt is while calculating the tax liability from 2013-14 to 2015-16 for the purpose of relief calculation , which figure i have to taken as net salary. The arrear salary received or arrear salary received less 80 C deductions ?
From 2013-14 to 2015-16 he did not receive any salary. So actual salary received in all these years is Zero.
Now after approval of his post he received salary from previous years as follows
Financial Year -2013-14 -RS 176,215
2014-15-Rs 359,340
2015-16-Rs 398,789
He is eligible for 80C deduction around Rs 100,000 in all these years.
So my doubt is while calculating the tax liability from 2013-14 to 2015-16 for the purpose of relief calculation , which figure i have to taken as net salary. The arrear salary received or arrear salary received less 80 C deductions ?
05 March 2017
Consider arrear salary received less 80 C deduction. 80c savings should have been made in the respective years.
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