Tuesday, January 8, 2013
GO FOR 2% RESERVATION FOR JUDICIAL OFFICERS IN TAMIL NADU HOUSING BOARD ALLOTMENTS OF PLOTS, FLATS AND HOUSES:
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Saturday, August 18, 2012
Thursday, March 8, 2012
Wednesday, February 15, 2012
RELIEF U/S 89(1) OF TAX RULES
If you received any portion of salary in arrears or on advance or received profit in lieu of salary, you can claim relief u/s 89 (1).Salary in arrears or advance, received in lump-sum is liable to tax in the year of receipt. Some relief is however allowed from tax on such receipts. Claiming of relief is optional and should be claimed only when it is advantageous to the claimant. You can also claim relief u/s 89 (1), if you are not liable to tax and have not been taxed in the previous years.The relief u/s 89(1) has to be granted in accordance with the provisions contained in Rule 21A of the Income Tax Rules. With effect from 1.6.1987, in the case of government servants and employees of public sector undertakings, relief under this section could be given by the employers at the time of deducting tax at source. This is provided for under section 192(2A) of the Income Tax Act. This has been extended to all companies, co-operative societies, universities or institutions etc. w.e.f. 1.6.1989.
Procedure for granting relief u/s 89(1) by the employer:
The employer should obtain applications from the employee in forms No. 10E Relief should be worked out in the manner provided in Rule 21A.
Calculation of relief u/s 89 when salary has been received in arrears or in advance
As per rule 21A (2)
The relief on salary received in arrears or in advance (hereinafter to be refereed as additional salary is computed in the manner laid down in rule 21A (2) as under;
Calculate the tax payable on the total income, including the additional salary, of the relevant previous year in which the same is received.
Calculate the tax payable on the total income, excluding the additional salary, of the relevant previous year in which the additional salary is received.
1. Find out the difference between the tax at (1 ) and (2).
2. Compute the tax on the total income after including the additional salary in the previous year to which such salary relates.
3. Compute the tax on the total income after additional salary in the previous year to which such salary relates.
4. Find out the difference between tax at (4) and (5)
5. The excess of tax compute at (3) over tax computed at (6) is the amount of relief admissible under section 89. No relief is, however, admissible if tax computed at (3) is less then tax computed at (6). In such a case, the assessee- employee need not apply for relief.
A MODEL CALCULATION:
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Saturday, September 3, 2011
Sunday, April 10, 2011
Thursday, March 17, 2011
Saturday, January 29, 2011
Thursday, January 27, 2011
Wednesday, October 6, 2010
Tuesday, August 3, 2010
ITEM NO.301 COURT NO.1 SECTION X
S U P R E M E C O U R T O F I N D I A
RECORD OF PROCEEDINGS
I.A. No.244 in Writ Petition (C) No.1022/1989
[IN RE. : PENSION]
ALL INDIA JUDGES ASSON. & ORS Petitioner(s)
UNION OF INDIA & ORS Respondent(s)
Date: 02/08/2010 These Matters were called on for hearing today.
HON'BLE THE CHIEF JUSTICE
HON'BLE MR. JUSTICE AFTAB ALAM
HON'BLE MR. JUSTICE K.S. RADHAKRISHNAN
UPON hearing counsel the Court made the following
O R D E R
In our order dated 26th July, 2010, in second Paragraph, it needs to be clarified that we approve the recommendations made by Justice Padmanabhan Commmittee to continue with Justice Shetty Commission recommendations, as mentioned in Paragraphs 31(a), (d) and 36 of the Report, with regard to Judicial Officers, who retired prior to 1st January, 2006.
We accept the Report of Justice Padmanabhan Committee in the matter of Encashment of Leave [Section 5], Family Pension [Section 6], Domestic Help Allowance [Section 7] [except Paragraphs 40(c) and 40(d)] as also with regard to Medical Allowance in Section 8.
Having accepted the recommendations of Justice Padmanabhan Committee, as indicated in the orders passed by this Court from time to time, we peremptorily give 31st March, 2011, as the cut-off date by which payment shall be made, including arrears, in terms of the said Report.
As regards recommendations contained in Paragraphs 73 to 75 of Justice Padmanabhan Committee, they are kept in abeyance for the time being.
Except I.A. No.5, all other interlocutory applications are disposed of in terms of the orders passed by this Court from time to time.
[ T.I. Rajput ] [ Madhu Saxena ]
A.R.-cum-P.S. Assistant Registrar
View in: http://courtnic.nic.in/supremecourt/temp/102219893282010p.txt