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Arrear of salary
Sir, one of client has salary income from college. He filed his ITR from last 6-7 years. He received arrear of salary for the period 1994-95 to f.y.2015-16 in f.y. 2015-16. Now i want to know
1) how to fill form 10E.
2) and how to calculate deduction and saving claim etc. that he made in that years.
Replies (1)
Basically, the relief under Section 89(1) is arithmetical. It involves ascertaining the two amounts of tax,
1) the first is the amount of tax applicable to the total income, including the extra amount in the year of receipt.
2) The second is calculating the amount of tax by adding the arrears to the total income of the years to which they relate.
The difference between the two amounts is the deduction allowed in the return of year of receipt.
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