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Example -During the previous year ending 31st March 2013 X a salaried employee received ₹ 1067000 as basic salary and ₹ 20000 as arrears of bonus of the financial year 1992-93. During the previous year 1992-93 X has received ₹ 50000 as salary. X deposits ₹ 1500 (during 1992-93) and ₹ 10000 (during 2012-13) in PPF.

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 - 20,000 Gross Salary 10,87,000 50,000 10,67,000 70,000 Less: Standard deduction us/ 16(i) Nil 12,000 Nil 12,000 Gross Total Income 10,87,000 38,000 10,67,000 58,000 Less: De .....

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