Dear Team
Please clear the concept of relief 89 (1). Pension income-250850 in f.y.-2011-12 Arrear- f.y. 08-09-65000
f.y. 09-10-54000 f.y.-10-11-32000.
Regards
vinit
accounts exe.
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89 (1) relief
Replies (2)
yes u cliam relief u/s 89(1) for arrears of pension relating to past yrs. format for this is
salary + arrears= grand salary
tax on salary including arrears
tax on salary xcluding arrears
differce regarding above.
so u can claim relief regarding the above difference amount. bt ur employer has to givr yr wise arrear classification
Relief U/S 89(1) = Tax as per Acutual Basis - Tax as per Accural Basis
see the attached file
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