Mr.X Received Salary for F.Y2021-22 of Rs.986847 and Arrears for F.Y 2019-20 Rs.112548 and F.Y 2020-21 138478.
My Questions is
1) is Arrears Salary taxable in the hand of the assessee in the receipt of the year
2)is there any exemption available?
Menu
Treatment of Arrear Salary
Replies (2)
Quick Summary
1. Yes, he can claim relief under sec. 89(1) of IT act
2. get-help-with-salary-arrears
3. guide/taxability-arrear-salary-relief-us-89
Arrears of salary either basic or DA will be taxable in the year of receipt.
You may get 1/3 of tax on arrears as relief ( Approximately)
How much was the taxable income for 2019-20 FY and 2020-21 FY ?
You may get 1/3 of tax on arrears as relief ( Approximately)
How much was the taxable income for 2019-20 FY and 2020-21 FY ?
Recent Topics :
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
Related Topics :
CAclubindia
