Now it is time to calculate our Income Tax (TDS) for collecting the information on how the tax will be paid for the next financial year, i.e., 2011-2012 financial year. In this regard, the Arrears Relief U/s 89(1) is also effective for arrears given to the W.B. Govt Employees as the 3rd installment. Previously, the W.B. Govt employees benefited from this section and reduced their tax liability. It's time to revisit our Relief Benefits U/s 89(1) for the next Financial Year 2011-2012 and Assessment year 2012-2013. I have prepared the Arrears Calculator for the Financial Year 2011-2012 and Assessment Year 2012-2013 specifically for W.B. Govt employees. Attached herewith is the Advance TDS Calculator for West Bengal Govt employees along with the Arrears Relief Calculator U/s 89(1).
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