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Mihir Tanna |580 Answers |Ask -Follow

Tax Expert - Answered on Sep 16, 2023

Question by Hp on Sep 15, 2023

Money

Hi.I am a Defence Pensioner.Oflate,the OROP-2 arrears are being paidout periodically.Is there any gain if the stipulated amounts are split in previous FYs 2019 -2023 as suggested through Form 10E?

Ans: In case of you receive arrears in the nature of salary, relief u/s 89 can be claimed. In order to claim such relief, the you are required to file Form 10E.

Tax relief is provided by recalculating tax for the year in which arrears are received and the year to which the arrears pertain; and the taxes are adjusted in the year in which they were due.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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My mom has received her pension arrears in Oct 2021 -- which spread across 11 years. She retired in 2009 and till 2020 she was getting less pension and then 2021 she started getting her revised pension followed by arrears in Oct of 2021. I aware of Form 10 E-Option but how do l fill the details for the past 11 years? Finally since no amount has been deducted by pension department is it that the amount is not taxable considering the span of years.

Ans: In table A of Form 10E you have the option to show details of arrears and calculate relief u/s 89(1). In table A, taxpayers can show the difference between the amount of arrears and total income as relief by filing Form 10E before filing Income Tax Return.

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Hi, I have filed my ITR OF FY 2021-22 in the month of August 22. But while filling the same I forget to fill 10E for arrears received of previous financial years. Now as the date of filing revised ITR is already over is there is any way through which I can claim my relief.

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On 28 Feb 2023, I received ₹ 1,60,959 as Arrears - of - Salary for AY 2020-21. While filing IT Return for AY 2023-24, u/s 89(1) Form - 10E Relief for Arears was System Calculated as NIL. Then what 's the use of this IT Section 89(1)?

Ans: As you must be aware that relief is available only if additional tax liability created due to arrears of income is more than actual tax liability in any past year pertaining to which arrears have been received in the current year, had the full arrears received in the same past year.

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I retired from Railway in June 2022 and received below amount on retirement. PF-23 Lakh, Gratuity - 12 lakh, Commutation - 13 lakh and Leave encashment - 9 lakh. I also received pension from July 2022 to March 2023 - 259,000 INR. There was no TDS on salary of 3 months. Do I need to show all of the amounts in Income tax return? If yes what is exempt income and how to show all above?

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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