banner_ad

Itr filling

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

CA PARAS BAFNA

Profile Image

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.
Profile Image

KAVIRAJA ADDANGADI

Profile Image

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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details