You have to calculate the amount of tax after availing benefits of deduction u/s 89 of the Act and submit Form No. 10E online on the I-T website. You must keep your salary slip safely as proof for the arrears/advance. After submitting this form, you ...
Carry out the following steps to calculate the exemption u/s 89: Step 1: Calculate the tax due in the current year by including the arrears in your total income. Step 2: Calculate the tax due in the current year by excluding the arrears from your ...
A Demand Notice u/s 156 is sent to you by the I-T Dept. for demanding payment for any additional tax liability, interest or penalty that may be levied on you. This demand is raised by your assessing officer in respect of any assessment order for ...