Salary Arrears Income tax Relief Calculator FY 2016-17– After the settlement of 10th Bipartite Settlement the salaried arrears have been paid to the Individual employees with the deduction of Income Tax on arrears paid. Due to the payment of Arrears at once for the previous financial years, the Income tax liabilities have been increased with the change of slab rate.
Since the arrears have been paid for the previous year salary the taxation part should also be calculated accordingly for each financial year. The bifurcations of arrears paid are needed as per the respective financial year in order to get relief from Income tax.
There is a provision in Income tax to get the relief on arrears paid under section 89 (1), rule 21A where the bifurcation of arrears can be made as per the respected financial years and after filling the form 10 (e).
Click here to Download Automated ArrearsRelief Calculator U/s 89(1) with Form 10E from F.Y.2000-01 to F.Y.2016-17 ( Upto date Version)
