Exempt income under section10
This query is : Resolved
Rahul Gupta
(Querist)
01 June 2013
Please confirm if my understanding is correct for AY 13-14--
Any salaried employee if he is getting exempt income under sec 10 like HRA, LTA, conveyance allowance, need to file ITR-2, if this exempt amount exceeds Rs 5000/-.
Does PPF interest and Gifts received is also considered exempt income or tax free income. Are they required to be shown in exempt income "Section EI"
Any salaried employee if he is getting exempt income under sec 10 like HRA, LTA, conveyance allowance, need to file ITR-2, if this exempt amount exceeds Rs 5000/-.
Does PPF interest and Gifts received is also considered exempt income or tax free income. Are they required to be shown in exempt income "Section EI"
CMA Ramesh Krishnan
(Expert)
21 June 2013
For salaried person still can file ITR -1 those are having HRA, ltam conveyance allowance
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