Introduction to Income Tax Arrears Relief U/s 89(1) Calculating income tax can be a daunting task, especially when you have income from different periods due to arrears. Thankfully, Section 89(1) of the Income Tax Act offers relief in such situations. This article will guide you on how to calculate Income Tax Arrears Relief under Section 89(1) using an automatic Excel calculator, especially in light of the changes introduced in Budget 2024. Understanding Income Tax Arrears Before diving into the relief calculation, it’s crucial to understand what income tax arrears are.…
How to Calculate Income Tax Arrears Relief U/s 89(1) with an Automatic Arrears Relief Calculator in Excel with Form 10E for F.Y. 2024-25 as per Budget 2024
