TAX DESTINATION

Arrear Salaries Taxation Arrear salaries means salary received for past period. Let us understand with an example how one can receive arrear salary- Mr X salary was 10,000 p.m. In April he received a hike of 5,000 effective from last year's January month. So, as in last quarter he has received a salary of 30,000 for 3 months instead of 45,000. So, a salary of 15,000 becomes an arrear salary. Relief when salary, etc., is paid in arrears or in advance. Where an assessee is in receipt of a sum in the nature of salary, being paid in arrears, in any one financial year, due to which his total income is assessed at a rate higher than that at which it would otherwise have been assessed, the Assessing Officer shall, on an application made to him in this behalf, grant such relief as may be prescribed. Taxpayer must meet certain conditions to claim relief under Section 89. The reliefs can be claimed on any of the following received during a particular year: a) Salary received in

Arrear Salaries Taxation Arrear salaries means salary received for past period. Let us understand with an example how one can receive arrear salary- Mr X salary was 10,000 p.m. In April he received a hike of 5,000 effective from last year's January month. So, as in last quarter he has received a salary of 30,000 for 3 months instead of 45,000. So, a salary of 15,000 becomes an arrear salary. Relief when salary, etc., is paid in arrears or in advance. Where an assessee is in receipt of a sum in the nature of salary, being paid in arrears, in any one financial year, due to which his total income is assessed at a rate higher than that at which it would otherwise have been assessed, the Assessing Officer shall, on an application made to him in this behalf, grant such relief as may be prescribed. Taxpayer must meet certain conditions to claim relief under Section 89. The reliefs can be claimed on any of the following received during a particular year: a) Salary received in