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    Mar 21, 2010

    Section 89(1) Relief Calculator

    Section 89(1) Relief Calculator: "Section 89(1) of the income tax act is the relief when an employee receives his/her salary in advance, arrears. In this condition income will be calculated at higher rate as per section 17(3) of income tax act. The relief is to be allowed in terms of rule 21A of the Income-tax Rules, 1962.

    After implemented 6th pay commission of income tax act, employees get a high portion of the arrears of salary. So everybody is in thinking of save the tax on the arrear amount. There is the way to save the tax amount of the salary arrears under Section 89(1) of income tax act."

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