Arrears Relief U/s 89(1) as per the Income Tax Act | Taxpayers can claim a deduction under Section 89 of the Income Tax Act when they receive any part of their salary in advance or arrears. This rule also applies to arrears of family pensions. What is the relief under Section 89 of the IT Act? If an employee receives back pay or compensation along with their wages, they often pay more in taxes. If the employee had received the amount in the relevant year, the additional tax would have been spread over the years, which…
Arrears Relief U/s 89(1) as per the Income Tax Act with Auto Calculate Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from the F.Y.2000-01 FY. 2023-24 as per Budget 2023
