The persons who has received any salary arrears in the Financial Year 2011-12 and want to save Income Tax while claiming relief under section 89(1). Easy and Fast calculations are available for generating 10E form for the Assessment Year 2012-13. As Income Tax Returns forms are already ready to upload Salary Returns in Form ITR-1 (Sahaj) form.
Only white cell are to be filed and calculator will generate 10E form automatically.
Download 89(1) Calculator for Assessment Year 2012-13 (Click Here)
B.—Relief for income-tax]
69[Relief when salary, etc., is paid in arrears or in advance.
89. Where an assessee is in receipt of a sum in the nature of salary, being paid in arrears or in advance or is in receipt, in any one financial year, of salary for more than twelve months or a payment which under the provisions of clause (3) of section 17 is a profit in lieu of salary, or is in receipt of a sum in the nature of family pension as defined in the Explanation to clause (iia) of section 57, being paid in arrears, due to which his total income is assessed at a rate higher than that at which it would otherwise have been assessed, the Assessing Officer shall, on an application made to him in this behalf, grant such relief as may be prescribed70:]
71[Provided that no such relief shall be granted in respect of any amount received or receivable by an assessee on his voluntary retirement or termination of his service, in accordance with any scheme or schemes of voluntary retirement or in the case of a public sector company referred to in sub-clause (i) of clause (10C) ofsection 10, a scheme of voluntary separation, if an exemption in respect of any amount received or receivable on such voluntary retirement or termination of his service or voluntary separation has been claimed by the assessee under clause (10C) of section 10 in respect of such, or any other, assessment year.]