banner_ad

Tax Planning

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 October 2009 My husband will be receiving arrears of
Rs. 5L. What are the options available to him to minimise the payment of tax on arrears of salary receivable through Government of India.
Profile Image

m.s.nageswararao

Profile Image

m.s.nageswararao (Expert)
11 July 2010 Sec 89(1) relief of I T Act is available when lumsum arrears received in one year. Then savings made under Sec80C are also get benefit for lesser tax. These are the Two options available to salaried assessees.
Profile Image

m.s.nageswararao

Profile Image

m.s.nageswararao (Expert)
13 July 2010 Sec 89(1) relief of I T Act is available when lumsum arrears received in one year. Then savings made under Sec80C are also get benefit for lesser tax. These are the Two options available to salaried assessees. One is income of that year other is spreading arrears to add to that respective years. The particulars require are 1) yearwise arrears 2) Forms 16 for the concerned Financial years 3) latest(Last) Financial year Form 16 of in which arrears received.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details