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Monday, July 15, 2013

89(1) arrears relief calculator for financial year 2013-14

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 21 A 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 arrears amount. There is the way to save the tax amount of the salary arrears under Section 89(1) of income tax act.

This is section 89(1) relief calculator for the financial year 2013-14 and the analysis year 2014-15 which is prepared by Mr. Pranab Banerjee and he wish to share with taxalertindia.com. This is updated excel based section 89(1) relief calculator which is very easy in calculation.

The features of this section 89(1) arrears relief calculator are as follows.



  • This is an excel based calculator.
  • Very easy and accurate calculation.
  • It also prepares 10 E anex & Table A automatically.
  • It also prepares Form 10E automatically.
  • Available for download.
Download calculator
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