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TDS / TCS (Income Tax) – Information & Resource Bank

October 25, 2021

  • Income Tax
  • TDS

Section 89(1) Relief on Salary Arrears and Salary in Advance

TDSMAN4 years ago3 years ago17 mins

Relief is provided under section 89(1), if salary pertaining to another period is received in advance/ or in arrears during a financial year, leading to additional tax liability. What is meant by Salary Arrears? Arrears refer to “money that is owed and should have been paid earlier”. Salary received now for an earlier period is…

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Categories

software-released-banner-2024-25-no-offer-050224
tds-tcs-rate-chart
tm-show-video-yt
tdsman-banner-free-trial
enterprisetds-banner

Calendar

October 2021
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep   Nov »
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