Menu
Tax relief under section 89(1)
I am ex serviceman and getting pension through bank. In FY (16-17) I will be getting 3,80,000 as pension plus I already received pension arrears as 1,40,000 In dec16 so total 5,20,000. Income from other source is 40,000. Bank has deducted 14,000 as TDS on arrears. My investment in ppf is 1,50,000. Can I claim tax relief under section 89(1)
Replies (2)
Yes, pension arrears can be treated similarly as salary income, for claiming relief u/s. 89(1)
You can get benefit of rebate as your total income is less than 5 lacs.
Recent Threads
- TDS - requirement of TDS by individual under presu
- Built a tool to automate Bank Statement to Tally e
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
Related Threads
CAclubindia
