Salary Arrears

This query is : Resolved

Shekhar J. Bendre (Querist)
Follow

15 July 2011 Dear Friends,

Will salary arrears from my previous employer(Received after left the job) attract relief u/s.89?

Kindly advice......

Shekhar Bendre

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

16 July 2011 Arrears attract tax only when these are received.

In your case relief can be claimed but due to lowering tax slabs it may not result as
a real relief.

Rabindra Kumar Sahu

Rabindra Kumar Sahu (Expert)
Follow

17 July 2011 Yes Paras Sir is right.Any arrears received, it attract tax.If there is any tax benefits by calculating Relief U/s 89 than it is advisable to calculate Relief U/s 89.
Thanks and regards,
R K Sahu

Upgrade to CAclubindia Pro. Subscribe Now!