Form 10E: Essential for Claiming Relief on Salary Arrears

Description

Form 10E is a form that taxpayers in India need to submit if they wish to claim tax relief under Section 89(1) of the Income Tax Act. This relief is applicable when an individual receives salary arrears, advance salary, or other income that causes a shift in their tax slab. By filing Form 10E, taxpayers can reduce their tax liability by spreading the income over the years it pertains to, ensuring they are not overburdened by tax.
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