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7th Pay Commission: Arrear money came in the account? Keep this in mind while filling ITR, otherwise there will be loss

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7th Pay Commission : Central Employees Will Get A Gift, 4 Percent Increase In DA Soon, Benefits Will Be Available From July, Salary Will Increase
7th Pay Commission : Central Employees Will Get A Gift, 4 Percent Increase In DA Soon, Benefits Will Be Available From July, Salary Will Increase

How to claim Tax Relief on DA Arrears: Half of the year 2023 has passed and till now crores of government employees of the country have got the benefit of increased salary. The governments of many states including the central government have announced to increase the dearness allowance in 2023. In such a situation, crores of employees of state governments including the central government are getting the benefit of increased salary.

Understand maths with this example

The employees who are getting the benefit of increased salary due to increase in dearness allowance, have also got the benefit of arrears. For example, like the central government announced the increase in DA in March 2023, but the increased dearness allowance came into effect from January 2023 itself. In such a situation, arrears were paid to the employees in lieu of the earlier months. The same situation is with the employees of all the states where DA has been increased.

This work increased with arrears

Now all the affected employees have benefited due to the arrival of arrears, but along with it some work has also increased. The work is also such that if it is not dealt with in time, then you may have to bear the loss. There is not much time left to complete this work. The month of July has already started and all the beneficiary employees have only time till the end of this month for this important work.

Remember this date well

Actually we are talking about income tax return. The deadline for filing income tax return is July 31 and there is little scope to extend it. The employees who have got the payment of arrears will have to claim tax relief for the benefit of tax. Under Section 89 of the Income Tax Act, government employees get the facility to claim tax relief on payment of arrears.

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