Tax benefits of New and Old Tax Regime as per Budget 2023| According to the actual Tax Slab on your total income found under the old or new tax system, each salaried employee will be subject to tax. Payroll employees must file income tax returns at the beginning of the 2023-2024 tax year because, after various deductions, income tax is calculated based on various tax brackets. As a result, tax planning must begin with the start of a new tax year. Under the new tax system, new income tax slabs…
Tag: download Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2023-24
Download Income Tax Arrears Relief Calculator U/s 89(1) with Form 10 E for the F.Y.2023-24 and A.Y.2024-25
Download Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the F.Y.2023-24 and A.Y.2024-25 Therefore, Salary arrears are understood as unpaid wages of the previous period accrued in the current year. There may be a subsequent revision of the employee’s wages or a disputed wage which is then issued by the employer. What are wage arrears? Arrears of payment means all receivables paid in the previous period which are paid back in another assessment year. In addition, the salary may have been adjusted, but the increase may be paid later…