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

July 5, 2023

  • Income Tax
  • TDS

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

TDSMAN2 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

July 2023
MTWTFSS
 12
3456789
10111213141516
17181920212223
24252627282930
31 
« Jun   Aug »
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