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of <h1>Employee Receives Tax Relief of Rs. 1,380 u/s 89(1) for 2013-14; Final Tax Payable Rs. 1,56,313.</h1> A salaried employee received a basic salary of 10,67,000 and 20,000 as arrears for the financial year 1992-93, where they had received 50,000 as salary. The employee made PPF deposits of 1,500 in 1992-93 and 10,000 in 2012-13. The tax liability for the assessment year 2013-14 on a receipt basis was 1,59,393, and on an accrual basis was 1,58,013, resulting in a tax relief of 1,380 under Section 89(1). The final tax payable for the assessment year 2013-14 was 1,56,313 after accounting for the relief.
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