89(1) relief for pf arrears under 80c limit

Tax queries 3387 views 2 replies

k a rao

service

28 Points Posted on 29 October 2010

Sir, I have received salary arrears of Rs.250000/-. This arrears pertains the financial years 2007-08 to 2009-10. During these three financial years, I saved only 80000-85000. Now the arrears deduction towards employee share of provident fund has been deducted from the total arrears. My querry is whether I can claim this extra pf petaining to last three years under 80C. Suppose during 2007-2008 my savings under 80C were only 80000 and now arrear pf deducted is 15000. Can include this amount (15000) in previous years under 80c exemption while calculating 89(1). Is there any circular relating this facility.

Replies (2)

U.RAMESH

STUDENT

23 Points Posted on 10 December 2010

Sir, I have received salary arrears of 200000/-. This arrears pertains the financial years 2007-08 to 2009-10. During these three financial years, I saved only 70000-80000. Now the arrears deduction towards employee share of provident fund has been deducted from the total arrears. My query is whether I can claim this extra pf petaining to last three years under 80C. Suppose during 2007-2008 my savings under 80C were only 70000 and now arrear pf deducted is 15000. Can include this amount (15000) in previous years under 80c exemption while calculating 89(1). Is there any circular relating this facility

Kalaiselvi Vijay

2 Points Posted on 05 July 2017

Originally posted by : k a rao
	Sir, I have received salary arrears of Rs.250000/-. This arrears pertains the financial years 2007-08 to 2009-10. During these three financial years, I saved only 80000-85000. Now the arrears deduction towards employee share of provident fund has been deducted from the total arrears. My querry is whether I can claim this extra pf petaining to last three years under 80C. Suppose during 2007-2008 my savings under 80C were only 80000 and now arrear pf deducted is 15000. Can include this amount (15000) in previous years under 80c exemption while calculating 89(1). Is there any circular relating this facility.