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Sec 89 relief

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tarun kumar

any

151 Points Posted on 20 July 2020

which amount to take for p/y .
Suppose mr a has arrears received in fy 19-20 is 700000 for fy 17-18.
for calculating of tax for py 18-19 what is taxable income
700000 or 700000-150000( deduction)
As there is no salary received in fy 17-18.

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Quick Summary

This discussion clarifies how to calculate taxable income when receiving arrears under Section 89 relief. It addresses whether the full arrears amount or the arrears minus the deduction limit should be considered for tax calculations in the assessment year. The query also touches upon claiming deductions for past periods when no salary was received in the relevant financial year.