An employee has recieved arrear of salary in May 2010 for the years 2007,2008,2009(Rs.1 lac each year).
Can he divide this arrears of salary to the respective years as he won't be paying tax,if divided.Or will it be taxable in the Ay 2011-12, the whole 3 lacs & claim relief u/s 89?
How will the calculation be?
Can any 1 pls explain in numerical terms ?
Urgent...
CAclubindia
