Itr 1 or itr 2


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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2013 Recently i had seen the new rules wherein it has been mentioned that individuals having exempt income more than 5000/- need not file ITR 1. Instead, they should file ITR-2. Now, in my case, my HRA (exempt) amlounts to Rs 50000/-. Should i, now, move to ITR-2??????????

09 July 2013 No, for salary income you can file ITR-1 only taxable salary you need to show after considering HRA exemption

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Querist : Anonymous

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10 July 2013 Thanks sir.

And what about interest on my PF account maintained by employer?

11 July 2013 PF Interest exempted from tax. how ever you can file ITR-1 only


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