Tax assessment

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1.     I (state govt employee) was paid 138116 salary in FY 2014-15. received arrears 270000 in august 2015-16.Can I show savings against 2014-15 to seek tax relief in august 2015 before filing tax return?

2.     If I show this arrears amount 270000 in my current year income that would be around 450000. how will be tax calculated on total 270000+450000 = 720000

Thanks

Replies (4)

Was the tax deducted in the year of deemed receipt? If no, for current year both will be added and you will taxed normally but seek some relief under sec 89.

thanks sir

 

Hi, i am working in Dubai company and posted in afghanistan since may 2013 to till date. wherein my salary had been getting transfer in icici saving a/c in india. My employer had told me that this salary is tax free in india.but they did not told me to open an NRE account . Now to avail the home loan facility my banker in india wants my last 3 yrs ITR. i am regularly filling my ITR since 2005 to march 2013 after ward i could not fill the ITR. kindly help me by confirming that : 

1. Will i be charged for tax for this .

2. If yes then how can i calculate.

3. Which ITR form i have to use.

4. My company has been paying me Travelling allowance for flight ticket as part of salary.will it be exempted 

5. Will my insurance be use to get the relief under section 80c.

6. My family has been living in india on rental home, will this amount be exempted from taxable salary.

7. for Fy 2013-14 i have stayed in afghanistan for 10 months excluding my vacation schedule as perm y contract to come back after 3 & 1/2 months for 15 days.

8.In year 2014 i was on personnel leave from company starting from september 14 to may 2015. hence NRI status got changed from NRI to Resident-Indian.

9. Starting from june 2015 to till date i am continue at duty and going to complete my 182 days again here in afghanistan.

10. Starting from October Salary i have opened my NRE account so from June to September my salary came in Saving account same as in previous bank_ICICI-saving A/c.

11. During this period of 2013-14-15 i had some FD in saving account for which TDS was deducted from bank side due to crossing the interest amount for more than 10000.

12. Kindly confirm the time limit for filling the ITR which is pending since April 2013 to till date.

13. I have only NRE account where salry have been crediting, i wish to know what should i do with my another 3-4 no's of saving account active in india and how can i pay me debits in india and transfer money to my family in india by using Net banking.

Kindly help me for above mention cases.

 

Thanks

Kumar

Originally posted by : dinesh kumar
Hi, i am working in Dubai company and posted in afghanistan since may 2013 to till date. wherein my salary had been getting transfer in icici saving a/c in india. My employer had told me that this salary is tax free in india.but they did not told me to open an NRE account . Now to avail the home loan facility my banker in india wants my last 3 yrs ITR. i am regularly filling my ITR since 2005 to march 2013 after ward i could not fill the ITR. kindly help me by confirming that : 

1. Will i be charged for tax for this .

2. If yes then how can i calculate.

3. Which ITR form i have to use.

4. My company has been paying me Travelling allowance for flight ticket as part of salary.will it be exempted 

5. Will my insurance be use to get the relief under section 80c.

6. My family has been living in india on rental home, will this amount be exempted from taxable salary.

7. for Fy 2013-14 i have stayed in afghanistan for 10 months excluding my vacation schedule as perm y contract to come back after 3 & 1/2 months for 15 days.

8.In year 2014 i was on personnel leave from company starting from september 14 to may 2015. hence NRI status got changed from NRI to Resident-Indian.

9. Starting from june 2015 to till date i am continue at duty and going to complete my 182 days again here in afghanistan.

10. Starting from October Salary i have opened my NRE account so from June to September my salary came in Saving account same as in previous bank_ICICI-saving A/c.

11. During this period of 2013-14-15 i had some FD in saving account for which TDS was deducted from bank side due to crossing the interest amount for more than 10000.

12. Kindly confirm the time limit for filling the ITR which is pending since April 2013 to till date.

13. I have only NRE account where salry have been crediting, i wish to know what should i do with my another 3-4 no's of saving account active in india and how can i pay me debits in india and transfer money to my family in india by using Net banking.

Kindly help me for above mention cases.

 

Thanks

Kumar

 

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