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Showing posts with label Income Tax Rules about Arrears Relief Calculation U/s 192(2A). Show all posts
Showing posts with label Income Tax Rules about Arrears Relief Calculation U/s 192(2A). Show all posts

Sunday 25 January 2015

Click here to download Automated Master of Form 16 for the Financial Year 2014-15.[ Prepare at a time 100 employees Form 16 for FY 2014-15]

Under section 192(2A) where the assessee, being a Government servant or an employee in a company, co-operative society, local authority, university, institution, association or body is entitled to the relief under Section 89(1) he may furnish to the person responsible for making the payment referred to in Para (3.1), such particulars in Form No. 10E duly verified by him, and thereupon the person responsible, as aforesaid, shall compute the relief on the basis of such particulars and take the same into account in making the deduction under Para(3.1) above.

Click to Download Automatic Arrears Relief Calculator U/s 89(1) with Form 10E

With effect from 1/04/2010 (AY 2010-11), no such relief shall be granted in respect of any amount received or receivable by an assessee on his voluntary retirement or termination of his service, in accordance with any scheme or schemes of voluntary retirement or in the case of a public sector company referred to in section 10(10C)(i) (read with Rule 2BA), a scheme of voluntary separation, if an exemption in respect of any amount received or receivable on such voluntary retirement or termination of his service or voluntary separation has been claimed by the assessee under section 10(10C) in respect of such, or any other, assessment year.