arrear salary

139 views 5 replies

1392 Points Joined July 2017

arrears of Rs 2.5 lakh of f.y. 14 &15 received in jan 2017 have not filed itr for a.y.16-17 how to manage

Replies (5)

Asst. Manager PANDYAN GRAMA BANK

29 Points Joined January 2018

I think you don't have to pay tax for arrears

1392 Points Joined July 2017

no its taxable in year in which transaction happens

Tax Consultation (US and India)

2970 Points Joined September 2011

Not taxable, provided the arrears were included while computing the salary in the respective previous years.

1392 Points Joined July 2017

I haven't filed previous itr

teaching

2046 Points Joined February 2009

while filling the return for the assessment year 2017-18.

consider arrears of salary as salary income for the previous year os 2016-17

and get the relief U/S 89(1) while calculation of Tax liability.

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