89 (1) relief

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.

 

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register