November 22, 2024
Income tax relief under section 89(1) calculator-Arrears received in FY 2020-21 askbanking

11th BPS Arrears – Income Tax 89 (1) Relief Calculator in Excel

11th BPS Arrears Income Tax 89 (1) Relief Calculator in Excel – Whenever the arrears of salary and allowances are paid, whether it pertains to salary of previous year or current year, the amount should be included while computing total income for the current financial year. 

Employees can be given relief under section 89 (1) to Income Tax department after submitting the Form 10 (E).

How to Compute using Income Tax 89 (1) Relief Calculator?

  1. Calculate the Income tax payable on the total Income including the arrears or allowances paid for the current year.
  2. Calculate the tax payable on the total income excluding the additional salary relating to the previous years.
  3. Find out the difference between above two.
  4. Compute the Income Tax of previous years after including the arrears
  5. Find out the difference between the tax payable and already paid

In order to make it easier,  there is an excel based calculator to calculate the relief u/s 89 (1). Just download or calculate online.

Also Calculate – 11th BPS Arrears Calculator – All Banks

How To Use the 11th Bipartite Arrears Tax Relief Calculator ?

Follow the below mention steps in order to use the Calculator for Tax relief and self generation of Form 10 (e).

  1. Download the Excel file from this link
  2. Enter Your salary arrears details as per the month provided
  3. All the fields will automatically filled with details of Tax relief
  4. Remember that in all the cases the Tax relief provision is not accepted as per the Income tax rule
  5. Check for the auto generated Form 10 (e)
  6. Download the Form 10 (e) and hand over to your employer for Income Tax relief under Section 89 (1)

NOTE : This website nor the author take any responsibility of data filled by You. We suggest you to take the advise from the expert or Income Tax department after filling the details and before claiming tax benefit. If the link doesn’t work, Click to download the excel.

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