Dear All,
Please let me know what amount to be filled up in the column" Income under Salaries"under TDS1 (2nd page of Sahag).
Is it income from Salary before or dedcutions under chapter VI-A?.In case , there is loss from house property should we take that also into account.
Kindly clarify.
Thanks in advance
K.Ganesh
No, Income Form Salary Before any Deduction under Chapter VI A will be written in above stated colume.
And Loss From House Property not will be deducted from this coloum
For Etc;
Gross Salary 500000
Less. Allowance (sec 10) 5000 (if Given)
Taxable Salary 495000 (That amount will be show in above Column
Less. Loss From House Pro.(50000)
CAclubindia
