How to include amount mentioned under 17(2) while filing itr

ITR 470 views 1 replies

I am filing revised ITR1.

I have some amount mentioned in "Value of persuiquites under section 17(2) (as per Form No 12BA)". Gross Total Income in Form 16 contains the above mentioned amount, but the tax is calculated after deducting the amount mentioned under 17(2) (in form 16).

How do I mention the same in ITR1 ? When I am mentioning Gross Total income as mentioned in form 16 while filing ITR1, it is calculating tax without deducting the amount mentioned in 17(2), hence there is a difference in tax calculated in form 16 and while filing ITR1. 

Please let me know the correct way to file ITR1 in this case ? 

Replies (1)

As per Form 16, when the persiquites are tax-exempt, tax is calculated as per taxable salary. So you fill net salary income after deduction of the deductible persiquites value.

In case they are taxable, please include the same in Income from other sources. So,  verify the nature and limit of the persiquites received by you.


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