Thus Section 89 under the Income Tax Act has been incorporated by the Government which comes as a benefit in this context as this law permits thetax deductionfor the other tax burden on the employees obtaining the salary arrears. As per section 89(1), the tax deduction/relief has been furn...
Step 1 – the Calculate Yearly Salary Let’s assume that a person’s monthly salary isRs 70,000and the value is stored in C7. We willcalculate the annual salary. This video cannot be played because of a technical error.(Error Code: 102006) Go toC8and insert the following formula. =C7*...