Download Salary Arrears Income tax Relief Calculator From F.Y.2000-01 to F.Y 2016-17 (Up to date Version)
Salary Arrears Income tax Relief Calculator FY 2016-17– After the settlement of 10th Bipartite Settlement the salaried arrears have been paid to the Individual employees with deduction of Income Tax on arrears paid. Due to payment of Arrears at once for the previous financial years the Income tax liabilities have been increased with change of slab rate.
Since the arrears have been paid for the previous year salary the taxation part should also be calculated accordingly for each financial year. The bi bifurcation of arrears paid is needed as per the respective financial year in order to get relief of Income tax.
There is a provision in Income tax to get the relief on arrears paid under section 89 (1), rule 21A where the bifurcation of arrears can be made as per the respected financial years and after filling the form 10 (e).
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