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How to show commission income in itr2 (ay18-19)

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Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2018 Hi,

Apart from my Salary Income, for FY17-18, I got some commission of 18K as per section 194H. Even some 900+ TDS is also deducted; Now while filling return using ITR2, I am mentioning the commission income but it is calculating Tax as per my normal tax rate; Please suggest how it should calculate this Commission Income as per 5% Tax rate as per section 194H.

Thanks in advance.

Regards,
Rajesh

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

31 July 2018 TDS is deducted at 5% but you have to pay applicable normal tax rate on commission income. ITR calculation is right.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

01 August 2018 5% is TDS Deduction to be deducted by deductor u/s 194H, Commission to be clubbed with other taxable income and taxed applicable rates as. Per applicable slabs, TDS Will be adjusted against tax, if tax below threshold limit you get refund, if it exceeds you have to pay difference tax.

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