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
- Timing of actual filing return after paying self-a
- Property given for development ..amounts sale
- ITR-3 Submit level validation error
- My GST liability (RCM?) If I purchase goods (FMCG)
- Property given for development
- Gratuity under which header?
- Has anyone tried Gradehunt’s CS Executive Te
- Rectification of tds previous years demands
- Social TV: Where Streaming Meets Real-Time Engagem
- Schedule AL 50lakh or 1cr ?
Related Threads
CAclubindia
