It's the end of the financial year, and in order to help our readers, Mr. Pannvalan has shared two excel sheets (one for net taxable income up to Rs.10 lakhs and the other for above Rs.10 lakhs) for calculation of Relief under Sec.89(1) for arrears received by bank staff after 10th BPS in 2015. We are sure that most of the bank staff moved from 'no tax' zone to 'tax liability' zone or from 'lower tax slab' to 'higher tax slab', if the entire amount of arrears is added to the current year's income. To mitigate the extra burden arising out of this, relief under Sec.89(1) has been provided for in the Income Tax itself.
We provide the links to download the two excel sheets below:

Click here to download excel sheet for Relief under Sec.89(1) for net taxable income up to Rs.10 lakhs

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