Itr filling
This query is : Resolved
PRAVEEN SINGH
(Querist)
14 January 2016
my salary is 20000 and breakup is basic-15100 hra-2900 conveyance-2000
my employer showed in form 16 = 340000 , 1 lakh incentive paid by employer to me , so how i get rebate in itr and whi�h itr form i have to fill 1 or 2
CA PARAS BAFNA
(Expert)
14 January 2016
Incentive is also taxable under the head Income from Salaries. In a case you do not have any other income (except interest) you can file ITR-1.
You can claim deductions under chapter VIA (Max. 150000)if investment in LIP, PPF etc has been made. Deduction for Mediclaim paid if any can also be claimed within the prescribed limit.
Also take care whether HRA and Conveyance allowance has properly been dealt in Form No 16.
You can claim deductions under chapter VIA (Max. 150000)if investment in LIP, PPF etc has been made. Deduction for Mediclaim paid if any can also be claimed within the prescribed limit.
Also take care whether HRA and Conveyance allowance has properly been dealt in Form No 16.
KAVIRAJA ADDANGADI
(Expert)
14 January 2016
Incentive not eligible for Rebate, you can file ITR-1 after Considering 80c benifit and deduction under section 10 HRA & CA allowance.
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