Sec 89

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Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2011 Hi,

How to calculate relief under section 89 (salary recd. in arrears) for the FY 2010-11.

Thanks

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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21 August 2011 In this case you may try, but I think that there will be no major relief looking to the lower Tax slabs of AY 2012-13.

This exercise can be done by finding out tax on Accrual Basis and Tax on Receipt Basis of the AYs under consideration.

In case Tax on Accrual Basis is less than the Tax on Receipt Basis, The Difference in the Tax Payable between both the methods is .....relief , which can be reduced from the tax computed on Receipt Basis.

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