Itr-1 Salary
This query is : Resolved
26 July 2017
Dear Sir/ Madam,
I would like to know where I need to enter my exemption u/s 10 HRA, GRATUITY, LEAVE ENCASHMENT, Tax on Employment, in ITR FORM I,
26 July 2017
Yes, there is a column for showing such income. In other words, disclosure of all income whether taxable or not is required so as to match with the verification in the ITR.
26 July 2017
Sir can you state where it available
26 July 2017
Column name is 'exempted income' in between headings Part C and Part D.
26 July 2017
Whether I need to add it manually
02 August 2024
In ITR Form 1, specific sections address various types of income, deductions, and exemptions. Here's where to enter your exemption and deductions for HRA, Gratuity, Leave Encashment, and Tax on Employment:
### **1. Exemption Under Section 10 (HRA, Gratuity, Leave Encashment)**
**HRA (House Rent Allowance):**
- **ITR Form 1:**
- **Schedule S (Income from Salary):** Enter your total salary, including HRA, in this section.
- **Part C (Details of Salary):** Fill in details of your salary, including HRA. The exemption for HRA is automatically computed based on the details you provide, such as rent paid, HRA received, etc.
**Gratuity:**
- **ITR Form 1:**
- **Schedule S (Income from Salary):** If you received gratuity, it is included in your total salary income. For exemptions:
- **Gratuity is exempt under Section 10(10) if it falls under specified limits.**
- **The amount exempt will be reflected as part of the total salary calculation if it qualifies under the exemption criteria.**
**Leave Encashment:**
- **ITR Form 1:**
- **Schedule S (Income from Salary):** Enter leave encashment in the total salary income.
- **Leave Encashment is exempt under Section 10(10AA) if certain conditions are met.** This exemption is applied based on the salary structure and details provided.
### **2. Tax on Employment:**
**Tax on Employment (Professional Tax):**
- **ITR Form 1:**
- **Schedule Deductions (Deductions under Chapter VI-A):** Enter the amount of professional tax paid here.
- **Under Section 16 (Deductions from Salary):** There is a specific provision for claiming deduction for professional tax paid. Enter the amount of professional tax deducted in this section.
### **Steps for Filling in ITR Form 1:**
1. **Open ITR Form 1**: Ensure you have downloaded the correct ITR Form for your financial year.
2. **Schedule S (Income from Salary):**
- **Part A - General Information:** Fill in details about your salary income.
- **Part B - Details of Salary:** Include HRA, Gratuity, and Leave Encashment details.
3. **Schedule Deductions:**
- **Part A - Deductions under Chapter VI-A:**
- **Enter Professional Tax:** Under Section 16(iii).
4. **Review and Compute Exemptions:**
- Ensure that exemptions for HRA, Gratuity, and Leave Encashment are accurately calculated based on the provided details.
### **Example:**
- **HRA Exemption:**
- If you receive HRA and pay rent, enter the rent paid, HRA received, and other details in **Schedule S**. The exemption is computed based on these details.
- **Gratuity:**
- Enter the total salary amount including gratuity in **Schedule S**. Ensure that any exempt amount is accurately reflected in the total.
- **Leave Encashment:**
- Include leave encashment in the total salary in **Schedule S** and ensure exemptions are applied if applicable.
- **Professional Tax:**
- Enter the professional tax paid under the deductions section of **Schedule Deductions**.
### **Summary:**
- **HRA, Gratuity, and Leave Encashment**: Report in **Schedule S**.
- **Professional Tax**: Report under **Schedule Deductions**.
- **Manual Entries**: Ensure all details are filled out correctly, as these will be used to compute exemptions and deductions.
Always double-check with the current ITR forms and guidelines or consult with a tax professional for accurate filing based on the latest regulations.
### **1. Exemption Under Section 10 (HRA, Gratuity, Leave Encashment)**
**HRA (House Rent Allowance):**
- **ITR Form 1:**
- **Schedule S (Income from Salary):** Enter your total salary, including HRA, in this section.
- **Part C (Details of Salary):** Fill in details of your salary, including HRA. The exemption for HRA is automatically computed based on the details you provide, such as rent paid, HRA received, etc.
**Gratuity:**
- **ITR Form 1:**
- **Schedule S (Income from Salary):** If you received gratuity, it is included in your total salary income. For exemptions:
- **Gratuity is exempt under Section 10(10) if it falls under specified limits.**
- **The amount exempt will be reflected as part of the total salary calculation if it qualifies under the exemption criteria.**
**Leave Encashment:**
- **ITR Form 1:**
- **Schedule S (Income from Salary):** Enter leave encashment in the total salary income.
- **Leave Encashment is exempt under Section 10(10AA) if certain conditions are met.** This exemption is applied based on the salary structure and details provided.
### **2. Tax on Employment:**
**Tax on Employment (Professional Tax):**
- **ITR Form 1:**
- **Schedule Deductions (Deductions under Chapter VI-A):** Enter the amount of professional tax paid here.
- **Under Section 16 (Deductions from Salary):** There is a specific provision for claiming deduction for professional tax paid. Enter the amount of professional tax deducted in this section.
### **Steps for Filling in ITR Form 1:**
1. **Open ITR Form 1**: Ensure you have downloaded the correct ITR Form for your financial year.
2. **Schedule S (Income from Salary):**
- **Part A - General Information:** Fill in details about your salary income.
- **Part B - Details of Salary:** Include HRA, Gratuity, and Leave Encashment details.
3. **Schedule Deductions:**
- **Part A - Deductions under Chapter VI-A:**
- **Enter Professional Tax:** Under Section 16(iii).
4. **Review and Compute Exemptions:**
- Ensure that exemptions for HRA, Gratuity, and Leave Encashment are accurately calculated based on the provided details.
### **Example:**
- **HRA Exemption:**
- If you receive HRA and pay rent, enter the rent paid, HRA received, and other details in **Schedule S**. The exemption is computed based on these details.
- **Gratuity:**
- Enter the total salary amount including gratuity in **Schedule S**. Ensure that any exempt amount is accurately reflected in the total.
- **Leave Encashment:**
- Include leave encashment in the total salary in **Schedule S** and ensure exemptions are applied if applicable.
- **Professional Tax:**
- Enter the professional tax paid under the deductions section of **Schedule Deductions**.
### **Summary:**
- **HRA, Gratuity, and Leave Encashment**: Report in **Schedule S**.
- **Professional Tax**: Report under **Schedule Deductions**.
- **Manual Entries**: Ensure all details are filled out correctly, as these will be used to compute exemptions and deductions.
Always double-check with the current ITR forms and guidelines or consult with a tax professional for accurate filing based on the latest regulations.
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