Greetings from Classic Associates ! Tuticorin Are you an individual or business owner with multiple properties and confused about how to file your taxes for Rental House Income? The calculation of annual value and taxes for multiple properties can be challenging, so just sit back and relax. Our experts will handle it for you. Now file your taxes before the deadline with Classic Associates. Follow us for more updates www.classicassociate.com | support@classicassociate.com | 93444 17156 Auditing Office at : Tuticorin (HO) | Tirunelveli (BO)| Coimbatore (BO) | Chennai (BO) #tax #incometaxindia #incometaxreturn #ClassicAssociates #taxes #taxation #taxfiling #2023
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Now you can claim Tax Relief on Salary Arrears ! – Classic Associates, Tuticorin, Tirunelveli
Greetings from Classic Associates ! Tuticorin What is Tax Relief under Section 89(1)? As a salaried individual, if you receive any advance salary or arrears, you may have to pay taxes on the total amount received.Now the Income Tax Act allows tax relief on salary arrears under Section 89 via Form 10E filing. As a taxpayer, the following types of arrears received are taxable in the same year they are received Salary received in arrears or in advance Premature withdrawal from Provident Fund Gratuity Commuted value of pension Arrears of family pension Compensation on termination of employment To reduce tax burden on employees receiving salary arrears. Follow us for more updates www.classicassociate.com | support@classicassociate.com | 93444 17156 Auditing Office at
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