Allowances not exempted in ITR 1
suresh kumar garg (accountant) (111 Points)
27 June 2018suresh kumar garg (accountant) (111 Points)
27 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(196267 Points)
Replied 27 June 2018
The Dearness Allowance is a cost of living adjustment allowance paid to Government employees, Public sector employees (PSU)and pensioners.
Dearness Allowance is calculated as a percentage of employee's basic salary to mitigate the impact of inflation.
For IT purpose, it is taxable along with basic salary.....
J S BHAVSAR
(CONSULTING)
(1315 Points)
Replied 07 August 2018
So, will DA be added to Basic Salary and entered in Line 1 of ITR1?
Or should DA be added in Line 2 (Allowances not exempt)?
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
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