Itr form for salaried employees

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This query is : Resolved

RAM KUMAR GOEL (Querist)

09 June 2013 BASICALLY FORM ITR-1 IS FOR SALARIED EMPLOYEES. BUT AS PER CBDT GUIDELINES FORM ITR-1 CANNOT BE FILED FOR AY 2013-14 IF THE ASSESSEE HAS EXEMPT INCOME MORE THAN RS. 5000/-. NOW ALMOST EVERY EMPLOYEE HAS EXEMPT INCOME BY WAY OF HOUSE RENT ALLOWANCE, MEDICAL REIMBURSEMENT, TRANSPORT/CONVEYANCE ALLOWANCE ETC. THEREFORE THE SALARIES EMPLOYEES WILL NOT, NOW, BE ELIGIBLE TO FILE FORM ITR-1 BUT INSTEAD FORM ITR-2 WHICH REQUIRE CUMBERSOME AND AVOIDABLE DETAILS. ANY SOLUTION OR ANY OTHER OPINION?

Rupesh Jain

Rupesh Jain (Expert)

12 June 2013 pls fill form 1
HRA, MEDIAL REIMBURSEMENT, TRANSPORTATION ALLWANCE IS NOT EXEMPT INOCME

THIS IS PART OF SALARY
AND DEDUCTION GIVEN UNDER INCOME TAX LAW
THIS IS NOT INCOME SOURCE

RAM KUMAR GOEL

RAM KUMAR GOEL (Querist)

12 June 2013 Dear Rupesh Jain,
Sorry for making further clarification exempt income is meant income exempt u/s 10 and HRA is exempt u/s 10(13A). Similar is other allowances exempt u/s 10(14), 10(5), 10(10) etc. like Gratuity, leave encashment, travelling allowance etc. Though HRA, Transport Allowance, Travelling Allowance are expenses incurred and are deductible but u/s 10 and others like gratuity, accumulated pension, leave encashment is indeed exempt income. Therefore please give concrete reply so that the assessees may not get into any future trouble. Thanks & sorry for disturbing again

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