Easy Office
LCI Learning

Arrears of salary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 July 2012 Hello,

A person got arrears of salary from 1992.
And the amount is around 35 lacs.

So what is the taxability of it...?
And what about the rebate under Section 89.

Reply soon.....
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
26 July 2012 You can take the benefit of section 89. No problem. For any help may contact on amolshankar@gmail.com. If you need that employer should deduct tax based on section 89, make use of form 10E
Profile Image

SANYAM ARORA

Profile Image

SANYAM ARORA (Expert)
26 July 2012 Yes the said amount will be taxable and you will get the benefit u/s 89
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Sanket

Profile Image

Sanket (Querist)
27 July 2012 But how it will be taxable means which tax rate will apply here....???

And how rebate can be claimed...???

Guide me....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links