HOW TO CLAIM RELIEF WHEN SALARY IS PAID IN ARREARS OR IN ADVANCE
Whereby
any portion of assessee’s salary is received in arrears or in advance
or by reason of his having received in any one financial year salary for
more than 12 months or payment which under the provisions of section
17(3) is a profit in lieu of salary, he is hence taxed at a higher slab
than that at which it would otherwise have been assessed. The Assessing
Officer shall, on an Application made to him, grant such relief as
prescribed. The Procedure for computing the relief is given in Rule 21.
This relief is provided in the financial year in which such arrears
have been received.
