Salary schedule in itr-2

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Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 In ITR-2 there is schedule of salary under which 1st row is:-
Salary(excluding exempt and non-exempt allowance perquisites and profit in liew of salary)
In the above row apart from basic what are the amount to be included?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 July 2013 You have to include Bonus if any.
.
You have not to include here-
1.0 Exempt Allowances
1.1 Taxable Allowances
2. Perquisites
3. Profit in lieu of salary if there be any
4. Professional Tax.
.
These are to be entered in the subsequent columns.
.

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 Suppose a person has Dearness allowance and Deduction under chapter via like PF so DA would also be included in this or to be separately mentioned in taxable allowance and whether deduction to be considered while mentioning this amount?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 July 2013 1. Salary is 300000 PF is 10000 Net 290000.
.
You have to take 300000 in Item 1.
.
10000/ will be deducted some what later under chapter VIA from the Gross total Income.
.
2. DA would be mentioned in Item Taxable Allowances only. So do not include it with Basic Salary
.

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Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 Thank u so much sir....

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 Just 1 more thing a government employee has received gratuity of rs.1100000 which is fully exempt from income tax where to show it in itr-2..