Received arrears of salary, gratuity, pension; understand tax calculation, and ITR Filing compliance

Received arrears of salary, gratuity, pension; understand tax calculation, and ITR Filing compliance

When an individual receives a large sum of money from sources such as arrears of salary, gratuity, or advance salary, it can increase their tax liability for that year. To reduce this burden, the Income Tax Act provides relief under Section 89 and Section 89A.