Salary income

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2014 Dear SIR,

arrears salary taxable in Which year ?

Taxable in Received Year or Dye Year

how it is Show ?

Vishnu Saboo

Vishnu Saboo (Expert)
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01 August 2014 in the year of received the arrear, also there is a relief namely 89(1) subject to fulfill the conditions prescribed.

Rupesh Jain

Rupesh Jain (Expert)
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01 August 2014 in recd the amount and you can get relief u/s 89(1).

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Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2014 sir, what is relief u/s 89(1) ?

Vishnu Saboo

Vishnu Saboo (Expert)
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02 August 2014 one type of relief to taxpayer on conditioned based.
Where an assessee is in receipt of a sum in the nature of salary 89a, being paid in arrears or in advance or is in receipt, in any one financial year, of salary for more than twelve months or a payment which under the provisions of clause (3) of section 17 is a profit in lieu of salary, or is in receipt of a sum in the nature of family pension as defined in the Explanation to clause (iia) of section 57, being paid in arrears, due to which his total income is assessed at a rate higher than that at which it would otherwise have been assessed, the Assessing Officer shall, on an application made to him in this behalf, grant such relief as may be prescribed

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2014 Dear Sir,
my friend is Govt. employee he Received 30000 rs.per month in govt. hospital

he received 300000/- rs. for F.y.13-14
form 16a also Show rs.300000/-

arrears salary of rs.60000/ for the month of (nov.& march) received - in may 2014

his 80c deduction is 50000/-

how i calculate tax on above income