Tuesday, January 10, 2012

Download 89(1) relief calculator for arrears received in Fy 2011-12

on Tuesday, January 10, 2012

Many State Govts paid 6/5th pay arrears in Financial year 2011-12 . Due to arrears , income tax of employees in respect of  financial year 2011-12 is going up and employee are receiving very less net amount after deduction of tax .Many knows that arrears can be breakup in respective years  and tax relief can be claimed u/s 89(1) but most of them have no idea ,how to calculate relief under section 89(1) of income tax act .we have prepared a  89(1) relief calculator for arrears received in 2011-12 and arrears related to financial year 2005-06 onwards .This calculator is now available for download now.You can use the same online also.

Download 89(1) relief calculator for arrears received in Financial year 2011-12

How to use:
  1. Only yellow cells to be filled in calculation sheet ,other sheets /cells are protected .
  2. Fill M for male and F for female and S for Sr Citizen(calculator is not working for very senior citizen).If person is not senior citizen in all the years then calculator will show incorrect results.
  3. Fill Total Income excluding arrears ,including all other income and after all the deduction like section 80C,80CC,80D,80G ...........80U etc. 
  4. Fill year wise break up of arrear received in financial year 2011-12 under respective years.Total will automatically shown under 2011-12 Fy 
  5. Nothing to fill here ,result is out ,if total A >Total B then relief under section 89(1) will be shown ,otherwise 0 will be shown .
earlier year calculators are available here

89(1) relief calculator download free for arrears received in 2010-11 Financial year