Q.1 What is Form 10E? Ans. In case of receipt in arrears or advance of any sum in the nature of salary, relief u/s 89 can be claimed. In order to claim such relief, the assessee has to file Form 10E.
If a salaried individual gets any portion of his/her salary in the form of arrears, they can claim tax saving under Section 89(1) on the same by filing the Form 10E. In order to claim tax relief under ...
Salaried employees may get arrears payment due to pay revision. In that case, the tax burden for the salaried employee may increase because of the burden of past dues paid in the current year. The ...
Here's what you should do to claim tax relief under Section 89 on salary arrears. Representational image 7th pay commission latest news: Central and other Government employees receiving their salaries ...
Income Tax Return Filing: When tax liability increases due to the receipt of arrears or additional payments, it usually occurs because the arrears or additional income are added to the individual’s ...
Arrears and advances received by government employees as a part of salary are taxable as per the Income Tax Act, 1961. However, under Section 89 relief can be claimed if you fulfill certain conditions ...
Tax releif under section 89: If you've received arrears of salary pertaining to last year and this results in higher payment of tax in the present financial year then you can claim tax releif under ...
If you have filed up Form 10E after filing of ITR, then the Income Tax Department might not allow the Section 89 relief claimed in ITR. When an employee receives advance or arrears from his employer, ...