Step 1: After logging into the I-T website, click on tab named ‘e-File’ and select ’Income Tax Forms’. Step 2: Then select Form No. 10E from the drop down as given below. Step 3: Select the Assessment Year and fill the submission mode as “Prepare and ...
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 ...
The taxpayer is safeguarded from additional tax burden by providing benefit under section 89 for the following lumpsum amounts: Advance salary Arrears of salary Gratuity Leave encashment Family pension
You have to calculate your tax liability on the total income received during the current financial year. If your total income includes any past dues paid in the current year, or any advance for the succeeding years, you may be worried about paying a ...