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.
