Example:-During the previous year ending 31st March, 2013, X, a salaried employee received 10,67,000 as basic salary and 20,000 as arrears of bonus of the financial year 1992-93. During the previous year 1992-93, X has received 50,000 as salary. X deposits 1,500 (during 1992-93) and 10,000 (during 2012-13) in PPF.

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..... come Tax – Salary
Income Tax
Manuals
Dated:- 11-8-2015
Chapter No. 29 - Salary - Relief if Salary is received in Arrears or in Advance - Section 89(1) Particulars Taxable income and tax liability on "receipt basis" Taxable income and tax liability on "receipt basis" 2013-14 1993-94 2013-14 1993-94 Salary 10,67,000 50,000 10,67,000 50,000 Arrears of Salary 20,000 - - 20 .....

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