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Showing posts with label Download Automated Arrears Relief Calculator U/s 89(1) with Form 10E For F.Y.2018-19 AND HOW TO CLAIM RELIEF WHEN SALARY IS PAID IN ARREARS OR IN ADVANCE. Show all posts
Showing posts with label Download Automated Arrears Relief Calculator U/s 89(1) with Form 10E For F.Y.2018-19 AND HOW TO CLAIM RELIEF WHEN SALARY IS PAID IN ARREARS OR IN ADVANCE. Show all posts

Tuesday 2 October 2018

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.