Section 89 and arrears of salary
This query is : Resolved
SANJEEVKUMAR NOMULA
(Querist)
22 March 2016
Sir
We have received arrears of salary including transport allowance and cash medical benefit of previous three years .
Current year CMB is 13300 and TA is1330 pm.
How much amount can be shown as exception for the CY (2015 16 FY) IT calculation.
Including arrears CMB and TA crossing 20000.
We have received arrears of salary including transport allowance and cash medical benefit of previous three years .
Current year CMB is 13300 and TA is1330 pm.
How much amount can be shown as exception for the CY (2015 16 FY) IT calculation.
Including arrears CMB and TA crossing 20000.
Murtaza I Bhagat
(Expert)
22 March 2016
in arrears calculation you have to take the amount what you have actually received after deduction and bifurcate to previous year which they belongs to and calculate tax of previous year as per slab. difference between accrued and receipt tax will be your relief u/s 89(1).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- TDS on Fixed Assets purchased
- Under marginal scheme
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- GST on Renting godown to KFCSC for Storage of Raagi
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Oct 2025 Invoices
- Non filing of I T Returns
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
