arrear salary

ajeet singh (1392 Points)

09 January 2018

arrears of Rs 2.5 lakh of f.y. 14 &15 received in jan 2017 have not filed itr for a.y.16-17 how to manage

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ARULKUMAR (Asst. Manager PANDYAN GRAMA BANK) (29 Points)
Replied 09 January 2018

I think you don't have to pay tax for arrears

ajeet singh (1392 Points)
Replied 09 January 2018

no its taxable in year in which transaction happens

Z ( ) (2965 Points)
Replied 09 January 2018

Not taxable, provided the arrears were included while computing the salary in the respective previous years.

ajeet singh (1392 Points)
Replied 09 January 2018

I haven't filed previous itr

satish (teaching) (2046 Points)
Replied 09 January 2018

while filling the return for the assessment year 2017-18.

consider arrears of salary as salary income for the previous year os 2016-17

and get the relief U/S 89(1) while calculation of Tax liability.

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