Salary arrear received post retirement

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This query is : Resolved

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If you received salary arrears after retiring, including additional PF deductions due to a wage revision, you can generally claim these deductions under Section 80C for income tax relief in the current year. This is permissible even if the arrears and deductions were received back within the same financial year, as long as the deductions were remitted to the PF trust.

mahan

mahan (Querist)
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03 March 2021 due to salary revision, salary arrears received in current year post retirement ; arrears included additional PF deductions due to wage revision;
Whether such additional PF deducted, but received along revised salary arrears can be claimed as eligible investment under sec 80 C for IT relief for the current year?
Whether such PF deductions will benefit for Income tax rebate?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 March 2021 Yes, claim it under section 80c.
Yes claim rebate.

O.D.SHARMA

O.D.SHARMA (Expert)
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04 March 2021 I think the salary with PF deducted and paid back in same year is not entitle for 80C ..Go with other options of 80C

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 March 2021 In case of retirement it's eligible claim it. Deductions remitted to PF trust and received back.
In the year of retirement the deductions received back within a year for last year contribution. It's allowed for 80c deduction.

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