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ARREARS OF SALARY TAX
Resigned in early 2026? Your final settlement could push you into a higher tax bracket; here's the fix
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...
8th Pay Commission calculator: How much arrears can Level 6-10 employees get at 2.0-2.86 fitment factorsThe 8th Pay Commission is consulting stakeholders before finalising its recommendations, while central government employees await clarity o...
8th Pay Commission latest news: J&K employee bodies seek fitment factor of 2.86–3.68, Rs 51,480 minimum basic payEmployee bodies from Jammu & Kashmir have urged the 8th Pay Commission to adopt a fitment factor between 2.86 and 3.68, which could raise t...
Wife’s MBA degree or past employment with MNCs can’t stop her from demanding maintenance, rules HCAn Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considere...
Can Rs 2 crore retirement corpus generate Rs 2 lakh monthly income for 20 years after retirement?Planning your retirement corpus is crucial. A Rs 2 crore fund may not last 20 years with high withdrawals. Experts suggest a bucket strateg...
Got salary arrears after resigning? Use Form 39 to avoid higher tax in 2026–27Resigning from a job in FY 2025-26 and receiving salary arrears in FY 2026-27 can lead to a higher tax liability. To avoid this, taxpayers ...
Reduce your income tax outgo by claiming Section 89 tax relief and filing Form 10E if you received arrears of salaryTax releif under section 89: If you've received arrears of salary pertaining to last year and this results in higher payment of tax in the ...
Claiming tax relief on salary arrears? Don't forget to file Form 10ESome important things must be kept in mind when you are claiming relief on arrears.
- Claim tax relief for arrears or advance salaries
Vikas Vasal, Executive Director, KPMG, offers tips on various tax-related issues.
- Tax implications on salary received in arrears
According to reports, the Government has allocated an amount of approximately Rs. 29,000 crores for the purpose of paying 'arrears' to arou...
- TDS on 40% of arrears this fiscal
Income-tax at source would be deducted only on 40% of salary arrears to central government employees this fiscal on implementation of Sixth...
- Pay Commission: Need clarity on taxability of arrears
If only partial payment is made in current financial year then the govt is required to withhold tax only in respect of amount paid in curre...
- Group 'D' staff out of tax limit after salary arrears: Experts
Group 'D' employees of the central government can heave a sigh of relief as they are likely to get their 40 per cent salary arrears in full...
- Finmin divided over tax on pay arrears
Confusion prevails on the tax treatment of the pay arrears that Central government staff are set to get as part of their latest wage revisi...
- No clarity yet on taxing central govt staff arrears
While a FinMin spokesperson said only 40% of arrears would be taxed this fiscal, some officials felt total arrears would be taxable this ye...