Archive | Relief under Section 89(1)

Why TDS has been deducted on my EPF?

Without doubt EPF continues to be the most loved product for the salaried. Both the employee and employer contribute to the EPF kitty; and we stand in hope of it coming to our rescue at difficult times. But when TDS is deducted on EPF balance, it comes as a harsh blow. Let’s understand the reasons […]

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Claiming tax relief on salary arrears? Don’t forget to file Form 10E

Receiving salary or pension in arrears might change your tax situation. You may fear it’s going to move you up a tax slab. Or tax rates may be higher in the year arrears are received as compared to the year to which they belong. To protect you from any additional tax burden, due to delay […]

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What is Form 10E and other FAQs

If you have received some salary in arrears, it is likely you have heard of Form 10E. The income tax department recently made filing of Form 10E mandatory for those claiming income tax relief. Tax relief is allowed if you have received past dues in the current year. This relief makes sure there is no extra tax […]

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Filing Form 10E is mandatory to claim Relief under section 89(1)

What is relief under section 89(1)? Tax is calculated on your total income earned or received during the year. If your total income includes any past dues paid in the current year, you may be worried about paying a higher tax on such arrears (usually tax rates have gone up over the years). To save you from any […]

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Relief under section 89(1)

If you have received any portion of your salary in arrears or in advance, or your have received family pension in arrears, you are allowed some tax relief under section 89(1) read alongwith Rule 21A. Here’s how you can calculate the tax relief yourself – Step 1 Calculate tax payable on the total income, including […]

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