Thursday, 30 August 2012

Claim relief u/s. 89(1) in Form 10E of previous year arrears

The salaried employee if got the lumsum arrears of previous year, in the current financial in this circumstance the assessee reached to limit of tax and due to this cause the Salaried Employee pay tax unnecessarily. Therefore, to avoid for paying tax, mostly employee bifurcate previous year(s) arrears which got in current financial year by the employee and put exemption in form 10E, and Tax relief claimed u/s. 89(1) of Income Tax Act.

In this regard prescribed Form 10E for Assessment year 2012-13 are issued for claiming Tax exemption and get relief u/s 89(1) from Income Tax as per Income Tax Law. For Download Form 10E for Assessment year 2012-13 Click Here.

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