Poonawalla fincorp
Poonawalla fincorp

Arrears salary of past months given in Quarter 4

This query is : Resolved 

13 January 2022 Dear Sir,

One of my client has to receive arrears salary of past months of Rs. 3 lacs which the employer is willing to give in Quarter 4 of F.Y. 2021-22.

The total salary of the employee is Rs. 3.5 lacs p.a.

Is this transaction allowed as per Income tax as the employer will be giving Rs. 3 lacs in 3 months divided as Rs. 1 lac per month from Jan to Mar in Quarter 4

Please help me in this matter.

Regards,
Divyesh Jain

13 January 2022 What is the alternative left to employee?
No harm if the total salary is offered for assessment in ITR..

13 January 2022 Ok, Thanks for your reply Sir


13 January 2022 Most Welcome ...



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