Claiming Relief under Section 89(1) on Salary Arrears
Introduction
India has always been a country with an income tax system that is progressive in nature. India follows the principle of “last-in, first-out” (LIFO) to calculate the taxable income. India also allows for certain deductions and exemptions under Section 89(1). One such exemption is salaried arrears which are considered as past dues paid during […]