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).
From India, Bolpur
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1. To calculate Income Tax (TDS) for the upcoming financial year 2011-2012, consider the Arrears Relief U/s 89(1) applicable to W.B. Govt Employees. This relief helps in reducing tax liability for arrears received as the 3rd installment. Revisit Relief Benefits U/s 89(1) for FY 2011-2012 and AY 2012-2013 using the prepared Arrears Calculator. Ensure to utilize the Advance TDS Calculator provided for West Bengal Govt employees. For detailed guidance on calculating arrears relief, refer to the relevant labor laws or policies. Focus on accurate calculations to manage tax obligations effectively.
From India, Gurugram
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From India, Gurugram
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