Comments on: Income Tax Relief for 6CPC Arrears under Section 89(1)

By: admin

admin — Thu, 29 Jul 2010 12:31:37 +0000

Section 89 relief will take care of this aspect. Please calculate the relief available to you and deduct from the taxable income

for more details use gconnect section 89 calculator

By: A.Gemini

A.Gemini — Tue, 20 Jul 2010 09:23:04 +0000

REG : perquisite
Sir,
We received Form 16 (AY 2010-11) which includes Perquisite on arrear (VI PAY), due to which Tax liability increases. But according to rule :

“Salary is to be calculated on due basis and not on payment basis. Salary received during the year towards arrears of last year and advance salary received during the year but pertaining to next year will also not be included in salary for the purpose.”

Sir, can be submit ITR on new calculation excluding arrear amount?

By: RATTAN

RATTAN — Sat, 20 Mar 2010 16:22:33 +0000

The tool has been very useful for seniors. It took no time to calculate the relief. Thank u once again.

By: RATTAN

RATTAN — Mon, 08 Mar 2010 17:05:59 +0000

Thanks for taking care of seniors for relief u/s 89(1)

By: admin

admin — Wed, 17 Feb 2010 08:26:16 +0000

It may not be possible to utilise the unclaimed housing loan interest pertaining to the previous years now.

By: MK Yadav

MK Yadav — Tue, 16 Feb 2010 00:46:41 +0000

Sir
I have not shown/claimed rebate u/s 24(B)( i.e. home loan interest) in FY’s 05-06,06-07 and 07-08 so that these are not appeared on form 16 or returns of the respective years. Now whether I can show these rebates to get advantages of relief u/s 89 in view of my arrears of 6CPC?If yes , then how?

By: admin

admin — Thu, 04 Feb 2010 01:47:10 +0000

@Rattan
we will do the needful soon sir

By: RATTAN

RATTAN — Tue, 02 Feb 2010 11:52:13 +0000

If u cater for senior citizens it will be useful to us also. Thanks.

By: admin

admin — Sat, 30 Jan 2010 06:43:59 +0000

@Anay Joshi
You can claim relief under section 89(1) for the arrears received in the year 2009-10, though the same is deposited as GPF

By: anay joshi

anay joshi — Fri, 29 Jan 2010 12:14:41 +0000

6cpc arreres in maharastra in 5 instalment first instalment is deposited in gpf account in year 2009-10 .how to calculate income tax for year 2009-10 6cpc arreares by using 10 e.total arreres amt diveded in 5 installment and it is deposited in gpf a/c so how to calculate 89 relif