Arrears of Salary and Relief Under Section 89 (1) and Form 10 E
Relief under 89 (1) In the section on salary we discuss Section 89 (1) which provides relief in tax for Can We Explore
Covers allowances, perquisites, retirement benefits
Relief under 89 (1) In the section on salary we discuss Section 89 (1) which provides relief in tax for Can We Explore
There are two types of Form 16: Form 16 (Income from Salary) This form is issued by employer to employee Can We Explore
Section 80C – Rs. 150,000 The deduction comprises of payments for life insurance, equity mutual funds, provident fund contribution, repayment of Can We Explore
Following FAQs will help get an understanding of some of the nuances of allowances received as an employee. In which Can We Explore
This section covers the different allowances received by employees from their employers and tax implications of such allowances: Meaning of Can We Explore
1. No perquisite will arise in the hands of an employee on account of provision of rent-free accommodation to the Can We Explore
1. What is the meaning of perquisite? In general perquisite means any benefit. In the context of salary income perquisite Can We Explore
Meaning of perquisite In simple terms perquisite means any benefit. In the context of salary income perquisite means any benefit Can We Explore
Meaning of perquisite In simple terms perquisite means any benefit. In the context of salary income perquisite means any benefit Can We Explore
Tax treatment of gratuity can be classified as follows: (A) Gratuity received by Government employees and employees of local authority Can We Explore