Tag: relief under section 89(1)

Relief under section 89(1) | Filing form 10E FY 2024-25 free Excel

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Relief under section 89(1) - Filing form 10E

What is Relief under section 89(1) and filing form 10E? Relief under Section 89(1) applies to the Assessee having Income from Salary. Which is claimed by filing Form 10E. This applies only under the head ‘Income from Salary’. Salaried employees receive their salary on a regular basis, which is taxed based on the accrued or received amount. Sometimes, employees may also receive salary arrears for past periods. This usually happens when a pay commission revises salaries or due to other reasons. When the salary is received in arrears, it is…

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Relief under Section 89(1) on Arrears of Salary FY 2020-21 – Excel Download

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arrears of salary, relief under section 89(1)

What is Arrears of Salary? An employee may get the past year/s salary in the current year. This may be due to revision of salary from past year/s or may be due to restructuring of salary from past year/s or may be due to any other reason. The Arrears of Salary (past dues) are received in the current year along with the current period’s salary. For example, An employee receives the normal salary of Rs. 12 lakhs for the year 2020-21. And also receive salary of Rs. 1.60 lakhs say,…

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