Automated Section 89(1) Income Tax Arrears Relief Calculator
with Form 10E From F.Y.2000-01 to Financial Year 2019-20 [Updated Version)
HOW TO CLAIM RELIEF WHEN SALARY IS PAID
IN ARREARS OR IN ADVANCE
Whereby any portion of assessee’s salary
is received in arrears or in advance or by reason of his having received in any
one financial year salary for more than 12 months or payment which under the
provisions of section 17(3) is a profit in lieu of salary, he is hence taxed at
a higher slab than that at which it would otherwise have been assessed. The
Assessing Officer shall, on an Application made to him, grant such relief as
prescribed. The Procedure for computing the relief is given in Rule 21.
This relief is provided in the financial year in which such arrears have
been received.
The
Procedure to calculate the amount of relief when salary is paid in arrears or
in advance:-
STEP 1
First of all, calculate the tax payable of
the previous year in which the arrears /advance salary is received on
1.Total Income inclusive of Additional
Salary
- Total Income exclusive of Additional Salary
The Difference between 1 & 2 is the
tax on additional salary Included in total Income.
STEP 2
Now calculate the tax payable of every
previous year to which the additional salary relates to
3.The
total Income including Additional Salary
The Total Income excluding Additional Salary
The Total Income excluding Additional Salary
Calculate the difference between 4 & 5
for every previous year to which the additional salary relates & aggregates
them.
STEP 3
The Admissible Relief shall be the Excess
between the tax on Additional salary as calculated under STEP 1 & STEP 2.
No relief if:
·
There is no
excess between the tax calculated on Additional Salary (Step 1 & Step 2)
·
In respect of
any amount received or receivable by an assessee on his voluntary retirement or
termination of his service in accordance with any scheme, the assessee has
claimed exemption u/s 10(10C) in respect of such compensation received on
voluntary retirement in the same assessment year or any other assessment year.
WHERE AND HOW TO FURNISH INFORMATION FOR
CLAIMING RELIEF
In the case where the assessee entitled to
relief is a government servant or an employee in a company, co-operative
society, local authority, university, association, institution, he
may furnish the particulars to his employer who is responsible for making the payment referred to in section 192(1) in specified form 10E.
may furnish the particulars to his employer who is responsible for making the payment referred to in section 192(1) in specified form 10E.
In the case of other employees, the application for relief shall have to
be made to the Assessing Officer instead of the Employer.
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