Meaning of Arrears of Salary
Meaning of Arrears of Salary
Sometimes, the employer may increase the salary of the employee with retrospective effect
(ie from a back date). Arrears of salary represent that portion of increased salary
which pertains to earlier years
but has been
received during the current year.
Such arrears
of salary are taxable in the year
in which such
arrears of salary
are received by the employee. However, the employee
shall be entitled
to claim benefit
of relief available
u/s 89 in respect of such arrears
of salary.
Example:
Mr Mohit is employed in BSNL Ltd and is receiving Rs 10,000 p.m, as basic pay.
On 01.07.2018, the employer
has increased the basic pay of the employee
to Rs 12,000 p.m. wef 01.01.2018.
In the present
case, Mr Mohit
will receive a total salary
of Rs 1,50,000 during PY 2018-19 out of which
Rs 1,44,000 represents the salary for PY 2018-19
whereas Rs 6,000
represents the salary
for PY 2017-18.
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#MeaningofArrearsofSalary
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