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

January 9, 2024

  • Income Tax
  • TDS

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

TDSMAN1 year ago1 year ago07 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

January 2024
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
293031 
« Dec   Feb »
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