Section 89(1) of the Income Tax Act 1961 requires you to submit Form 10E in order to claim tax relief. A delayed salary received in the form of arrears is eligible for tax relief under Section 89(1) of the Act. Your Form 16 includes a line for any arrears received.
It is on this form that Government servants or employees working in companies, universities, cooperative societies, institutions, associations, local authorities, or bodies are required to submit particulars of income received under Section 192(2A).
It is necessary to file form 10E before filing your ITR.
You need to keep these facts in mind when filling out Form 10E:
There are a lot of complicated and detailed steps involved in the process of filing an income tax return. In this regard, a lot of people have difficulty filing income tax and seek advice from tax experts such as Chartered Accountants. During income tax compliance, there are a lot of mistakes people commit. It is important to carefully read the guidelines of the Income Tax Department of India before filing income tax, as a small mistake can cause major problems.
The best income tax return software for CAs and professionals can eliminate all these conditions and guidelines of income tax. A number of e-filing tools and software are currently available on the market for income tax filing.
Gen Income Tax is a very user-friendly and helpful income tax software. In addition to calculating the necessary details for individuals, Gen-IT also guides them through the step-by-step process of filling out their individual tax returns.
Step 1:- First Install the Gen I-T Return Filing Software on your PC and laptop.
Step 2:- After that Open the Software and Go to ⏩ the Computation tab.
Step 3:- Now Select the Client for which you want to fill out Form 10-E.
Step 4:- Go to ⏩ Salary Tab.
Step 5:- Fill in the Gross Arrear amount received in Arrear of Salary and Go to ⏩ the Arrears tab to fill in the details.
Step 6:- In the Next step fill the details of Income, Deductions, Gross Salary etc. along with the arrear amount received for the year in which you have received the Arrear Amount.
Step 7:- After that Go to ⏩ Computation to upload Form 10E.
Step 8:- Go to ⏩ Relief u/s 89(1) to upload the Form 10E.
Step 9:- Go to Annexure I to fill in the details otherwise Go to ⏩ Fill/Upload Offline to Upload the Form.
Step 10:- Click on Google Chrome to upload the Form.
An advisory has been released by the Goods and Services Tax Network (GSTN) which notifies…
It was cited by the Delhi HC that the two adjudication orders against one SCN…
The Central Board of Direct Taxes (CBDT) in an update for the taxpayers via the…
In October, Gross GST collection surged to 9% to Rs 1.87 lakh crore, the second…
Goods and Services Tax (GST) is to get paid on the procurement of materials and…
The Bombay High Court carried that as the revocation orders for the registration cancellation on…