U/s 89(1) relief on arrear (problem)

This query is : Resolved

Vishal (Querist)
Follow

02 February 2015 MYSELF IS A GOVT EMPLOYEE WORKING IN EDUCATION DEPARTMENT. I HAVE RECEIVED MY ARREAR OF RS 61755/- (OF FY 2011-12)
IN CURRENT FY 2014-15. SHOULD I GET U/S 89(1) RELIEF ON ARREAR.

FY 2011-12
NET TAXABLE INCOME(WITHOUT ARREAR)=196640/-
NET TAXABLE INCOME(WITH ARREAR)= 258395/-

FY 2014-15
NET TAXABLE INCOME(WITHOUT ARREAR)=472829/-
NET TAXABLE INCOME(WITH ARREAR)=534584/-

I HAVE FILLED MY INCOME TAX RETURN OF
FT 2011-12 WITH RS. 1714/- AS INCOME TAX.

I WANT TO KNOW SHOULD I GOT U/S 89(1) RELIEF ON ARREAR. AND HOW MUCH RELIEF I GOT.

PLEASE TELL ME THE WHOLE PROCEDURE WHAT TO DO TO AVAIL THIS BENIFIT.

THANKS

CA NAVEEN SINGLA

CA NAVEEN SINGLA (Expert)
Follow

02 February 2015 Yes Income Tax Relief as follows:-

Taxable Income(with Arrears) Rs. 534584/-
Tax on 250000/- Nil
Tax on 250000/- Rs. 25750/-
Tax on 34584/- Rs. 7124/-
Total Tax Rs. 32874/-
Less: Relief u/s 89(1)
Tax on Arrears as per Current Slabs
=Rs. 34584/-*.206=7124/-
=Rs. 27171*. 103= 2799/-
Total Tax =9923/-
If Arrears taxed in F.Y 2011-12
Tax on 61755/- is Rs. 6361/-
Relief u/s 89(1)= Rs. 3562/-