What if my relief comes under negative amount whether i have to paid tax or not?

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Sir, I have bit confusion on calculation of arrears salary ,i want to know if the difference between total taxable amount and total taxable arrears amount comes in negative,that mean what?

Replies (19)

As per calculation of Form 10E, the negative figure suggests that it is better not to claim salary arrears, and pay the tax as per current year calculations only.

What exactly do you mean by total taxable arrears amt? in Form 10E.

If net relief is negative then you should take relief under 89(1) as nil

 

if total taxability is nil, you should not bother about relief

i hAve attached my file that negative balance is coming at the time of calculation 10E. so whether this negative indicate i dnt have to pay the tax, and if the difference is positve then that much amount i used to get relief, am i right.

Final figure of Rs. 537 is positive; it indicates that this much amount of tax can be claimed as rebate u/s. 89(1), out of the total tax liability of current year of Rs. 12772/-

i.e Your total tax liability for Ass Year 2016-17 is of Rs. 12235/-  (less Advance tax/TDS dedeucted; Add interest if liable)

Sir, last one i made a mistake in claculation on 10E now i have made rectified and attached file again,please have a look here one again.

Asper DATA and Table A column 3, Tax arrrars figure is Rs. 85215/- From where you brought 

Salary received in arrear or advance     Rs.105015/- in New Annexure I?

Doesn't match!!!

But Only considering New Annexure I as the final and rejecting earlier datas;

Herein the negative tax rebate means:: Not to go for tax rebate and take the arrears taxable in current year itself. So, finally total tax liability for Ass Year 2016-17 is of Rs. 12772/-  (less Advance tax/TDS dedeucted; Add interest if liable)
 

thank you very much

My Pleasure

SIR, 

If inegative relief in form 10 E is not reported it results in tax refund out of TDS on arrears deducted by employer on higher rate of 30% when no tax is payable during CFY on my pension. What is the way out.

As I have understood the last query, the TDS was deducted at higher rate, in any preceding financial year, but you could not claim the refund in that year........ Is that correct....

If not elaborate your query....

As I have understood the last query, the TDS was deducted at higher rate, in any preceding financial year, but you could not claim the refund in that year........ Is that correct....

If not elaborate your query....

As I have understood the last query, the TDS was deducted at higher rate, in any preceding financial year, but you could not claim the refund in that year........ Is that correct....

If not elaborate your query....


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