Sec 89
This query is : Resolved
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
How to calculate relief under section 89 (salary recd. in arrears) for the FY 2010-11.
Thanks
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.
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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