31 August 2011
Section 89 (1) rule 21A sub rule (c)states that " where the payment is in the nature of compensation received by the assessee from his employer or former employer at or in connection with the termination of his employment after continuous service for not less than three years and where the unexpired portion of his term of employment is also not less than three years, in accordance with the provisions of sub-rule (4).
I have received compensation from my previous employer during PY09-10 after deduction of tax for the number of years i had worked, which is about 10 years. Due to which the tax liablity is increased for the PY 09-10. Can i also get relief u/s 89?
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