Section89 relief

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savin (Querist)

17 February 2016 in calculation of relief whether. 1.deductions of 80c could be apportioned/taken as lumpsum saving n currnt yr. 2.wage cut be apportioned. 3.Hra relief be made revised each yr. Also which items in arrears to be apportiond.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

17 February 2016 In relief calculation 1. 80C deduction could not be lumpsum value or payable basic its always payment basic. if you are planning to invest then you will take as deduction in advance. No need to revised HRA relief of previous years.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

17 February 2016 1 Deductions under 80C can't be apportioned. Savings during the year has to be claimed only in the current year.
2 Wage cut relating to earlier years can be apportioned to respective year.
3 HRA relief may be revised each year.

savin

savin (Querist)

18 February 2016 Thank you. in 89 relief the arrear provident fund whether it could be apportioned so that 80C of the respective yr increase or could this arrear pf be taken in 80C of current yr. n lumpsum.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

18 February 2016 Arrear PF can't be apportioned, to be claimed in current year 80C.

savin

savin (Querist)

18 February 2016 thank you.Also is any other part of arrear like medical benefits,transport allowance,other allowances,etc could be apportioned.

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