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of <h1>Tax Relief for Salary or Pension Arrears Under Clause 205 of Direct Taxes Code Bill, 2009; Excludes Retrenchment Compensation.</h1> Clause 205 of the Direct Taxes Code Bill, 2009, provides tax relief for individuals receiving salary or family pension arrears, or advances, in a different financial year than when they were due. This relief is granted upon application to the Assessing Officer and also applies to accumulated balances from approved provident funds included in total income. However, this relief does not extend to compensation received for retrenchment or voluntary retirement.
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