Calculation of 89(1)

Dear Sir,

I have got arrear in fY 11-12 of my 2009 and 2010 salary then how to calculate this arrear to get relief under 89 (1).

Have you any program to calculate please mail us.

Regards

asked Jul 10 '12 at 16:16 by nitin sarda 1●1●2

One Answer:

Assuming that these arrears would have paid to you in those year, how much income tax would be applicable to you. Compute this income tax figures. Say this is Rs X

Now see income tax impact of arrears due to payment this year. Say income tax is Y.

Now as per section 89(1) you can claim relief for amount Y-X.

answered Jul 10 '12 at 19:40 by Pankaj Batra 5.2k●3●20

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Tags:

income-tax ×778
section-89 ×4
arrears ×3
tax-relief ×2

Asked: Jul 10 '12 at 16:16

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Last updated: Jul 10 '12 at 19:40

Calculation of 89(1)

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