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Association of Atomic Research Centre Officers
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Dear Hon. AARCO Members

AARCO pays Highest Tribute to Beloved Ex-Prime Minister of India

Bharat Ratna Shri Atal Bihari Vajpayee.

 Last date to file Income Tax Return 2018

Dear Hon. AARCO members, The last date to file Income Tax Return has been extended till August 31, 2018. Kindly fill your ITR correctly and within last date. Plz, do not forget to fill form 10E to avail IT relief u/s 89(1) PRIS arrears paid after implementation of 7th CPC &   Two increment arrears paid for SO/D & above. Many Hon. Members may get returns in IT paid for previous years.

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Dear Hon. AARCO members,

The last date to file Income Tax Return has been extended till August 31, 2018.

Kindly fill your ITR correctly and within last date.

 Plz, do not forget to fill form 10E to avail IT relief u/s 89(1) PRIS arrears paid after implementation of 7th CPC &   Two increment arrears paid for SO/D & above.

Many Hon. Members may get returns in IT paid for previous years.

 

https://www.incometaxindia.gov.in/pages/tools/income-tax-calculator.aspx

 

Procedure for filing form 10E:

 

https://www.hrblock.in/guides/form-10e-avail-tax-relief-89-1/

 

Procedure to Calculate Relief under Section 89(1)

Before you file form 10E to get tax relief, you need to calculate the amount of relief you are eligible for. It can be calculated by following the given procedure:

  • Find out the tax payable on your total income (including arrears) of the relevant previous year in which the same is received. Let’s call it “X”.
  • Find out the tax payable on your total income (excluding arrears) of the relevant previous year in which the same is received. Let’s call it “Y”.
  • Subtract the value obtained in step 2 from the value obtained in step 1 (I.e., X – Y). Let’s call it “Z”.
  • Find out the tax payable on your total income (including arrears) of the year to which your arrears are related. Let’s call it “A”.
  • Find out the tax payable on your total income (excluding arrears) of the year to which your arrears are related. Let’s call it “B”.
  • In case the arrears relates to more than one year, repeat the step listed in step 4 & step 5 for all the years to which the arrears relates and total the figures arrived at step 4 & step 5
  • Subtract the value obtained in step 5 from the value obtained in step 4 (I.e., A – B). Let’s call it “C”.
  • Excess of tax computed at step 3 over tax computed at step 7 is the amount of relief allowable under section 89. If tax computed at step 3 is less than tax computed at step 7 then you will not be eligible for any relief.

Form 10E filing procedure in 4 Simple Steps:

  1. Go to https://incometaxindiaefiling.gov.in/ and login with your ‘User ID’ (I.e. PAN), ‘DOB’ and ‘Password’.
  2. Now click on tab titled ‘e-File’ and select ‘Prepare & Submit Online Form (Other than ITR)’ from the drop down menu.
  3. Choose ‘Form 10E’ from the drop down menu, fill the relevant Assessment Year and press ‘Continue’ button.
  4. You will find the screen shown below with instructions to e-file Form 10E.
    Click on all the blue tabs one by one and fill relevant details.
    Click on ‘Submit’ once you are done to complete the process.
    In case if you are not able to complete the whole process at one go you can save the information filled by clicking on the ‘Save Draft’ button at the bottom of the screen and complete it any time later.
    In case if you have saved form 10E in draft you can complete it later by following the same process flow as stated above.

Understanding Calculation of Relief under Section 89(1) with Example

Let’s say Mrs Neha earned Rs 5,20,000 as total income in FY 2017-18 including Rs 1,00,000 as arrears of salary for FY 2012-13. Her salary in FY 2012-13 was Rs 3,20,000. In this situation, the relief which Mrs Neha can claim will be as per the given calculation.

  • Step 1: Tax payable on the total income including arrears, I.e. Rs 5,20,000 for the FY 2017-18 = Rs 29,870
  • Step 2: Tax payable on the total income excluding arrears, I.e. Rs 4,20,000 for the FY 2017-18 = Rs 15,450
  • Step 3: Subtracting the value obtained in step 2 from the value obtained step 1, I.e. Rs 29,870 – Rs 15,450 = Rs 14,420
  • Step 4: Tax payable on the total income including arrears of FY 2012-13, I.e. Rs 4,20,000 = Rs 22,660
  • Step 5: Tax payable on the total income excluding arrears for FY 2012-13, I.e. Rs 3,20,000 = Rs 12,360
  • Step 6: This step is not required in this case because arrears are related to one year & not multiple years
  • Step 7: Subtracting the value obtained in step 5 from the value obtained in step 4, I.e. Rs 22,660 – Rs 12,360 = Rs 10,300
  • Step 8: Subtract the value obtained in step 6 from the value obtained in step 3, I.e. Rs 14,420 – Rs 10,300 = Rs 4,120

 

AARCO AGBM 2018

Programme Scheduled is as follows:

1. Recitation of Preamble of Constitution of India & Fundamental Duties 
2. Welcome address  
3. Presentation of Vice President Report (By Mr. M. Shanmugasundaram)
4. Presentation of Secretary Report (By Gyanendra Prasad)
5. Presentation of Treasurer Report  and Passing of the Audit Report (By Mr. S.K. Rajesh)                          
6. Presidential Address (By Mr. S. Suresh)      
7. Call for agenda from members (Coordinator)
8. Vote of Thanks

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