HOW DOES CALCULATE RELIEF U/S 89(i)
GIRISH AGRAWAL
(Querist) 03 February 2010
This query is : Resolved
A SALRIED EMPLOY’S RECEIVED SALARY FOR F.Y. 2009-2010 OF Rs. 2,99,510 AND ALSO RECEIVED ARREARS FOR FOLLOWING FINANCIAL YEAR..
F.YEAR ....... SALARY.............GPF
2005-06 ... ... 11,952.00 ... ... 1434.00
2006-07 ... ... 46,096.00 ... ... 5532.00
2008-09 ... ... 16,720.00 ... ... 2006.00
2009-10 ... ... .6,064.00 ... ... .728.00
... ... ... ... --------------------------
... ..TOTAL......80,832.00 ........9700.00
... ... ... ... --------------------------
RECPECTED INCOME TAX EXPERTS:-
1. IS DEDUCT GPF RS 9700 BEFOR
CALCULATION OF TABLE A FORM 10 E ?
2. IS DEDUCTION RS 9700 OF U/S 80C ?
3. PLEASE GIVE ME A BETTER ADVOICE?
Kumar Thadhani
(Expert) 04 February 2010
AS you had received salary of Rs 2,95,510 and RS6,064 as arrears comes to RS3,01,574 deducted the admissible deductions earlier shown inyour FORMNo.16 and and also received from arrearsRS 728/= find tax liability on this total income and the deduct tax already deducted if there is still refund of tax or to bbe paid thereon.Similarly you had not given proper in your queries . Apply the same method for assessment years 2005-06,2006-07,2008-09 as above and apply in FORM NO 10-E tou your assessing officers stating all the details and to recalculate the taxes and to assess your income since you had arrears in now in2009-10.
soumitra basu
(Expert) 04 February 2010
The Arrear Salary for the Financial Year should not be treated as Arrear Salary but current salary. For getting benefit for other years you are to submit Form No. 10E to your employer. The Provident Fund deducted from the arrear salary should be considered as payment during the year. It cannot be claim as relief for past years.
GIRISH AGRAWAL
(Querist) 04 February 2010
Thanks..
To Mr Kumar Thadhani
To Mr Sonmitra Basu
Rspected Experts...!
Thanks for your valuable & very very helpful advoice....!
Girish Agrawal
