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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Last date of filing ITR for AY 2020-21 is 31st March 2021 | Classic Associates
Greetings from Classic Associates ! Tuticorin DO NOT IGNORE THIS! If you haven’t filed your Income Tax Return (ITR) yet, this is your last chance to do so. The last date to file your ITR for AY 2020-2021 is March 31st, 2021. At Classic Associates, We help taxpayers to file their income tax returns (ITR) at the earliest to avoid interest fees. we would love to help you with all your queries and provide you with full assistance. Contact us at : www.classicassociate.com | support@classicassociate.com | 93444 17156 Auditing Office at : Tuticorin (HO) | Coimbatore (BO) | Chennai (BO) How to file ITR? | Last date of filing itr? | Income Tax Return Filing Due Date
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