Hra and 80c investment not declare in form 16

962 views 6 replies

Shailesh

Others

27 Points Joined June 2015

Dear Friends,

For the FY 2014-15, I worked in two companies.first 6 month in 1st company and rest 6 month in 2nd company.Now I have two form 16 with me.

The problem is my first company didn't mention HRA and 80C investment in from 16 even after submitting investment proof. They haven't deduct income tax as, my 6 month salary was not taxable. Now If i combine both form 16 then i am under taxable income because HRA and investment is not declare by my first employer.

My question is, can I claim the HRA and 80C investmenr while filing the ITR. If yes, then how can i do it. do i need to submit any proof for that?

I searched many forums but still confused... i hope i will get some idea from here.

Thanks in Advance.

Replies (6)

CMA Poornima Madhava

CMA

13117 Points Joined May 2009

Yeah u can claim it while filing ITR. No need to attach proof but keep them with u in case of any need

Shailesh

Others

27 Points Joined June 2015

Thanks Poornima for prompt reply.

Here i am little bit confuse about how and where can i mention HRA while filing ITR.

Normally while filing ITR we mention "income chargable under the head salary" as an income and investment amount deduct from it.In my case, "income chargable under the head salary" amount is without HRA deducation.

So What amount i shoud mention in "income chargable under the head salary"? can i just deduct HRA and mention it? If i do so then there will difference in form 16 and ITR. Same way can i just mention 80c investment which are not mention in form 16?

I hope i explain my question correctly.

Thanks

CMA Poornima Madhava

CMA

13117 Points Joined May 2009

You need to recalculate yr income from salary, for hra exemption refer section 10(13A). If any doubts further, do let me know

Shailesh

Others

27 Points Joined June 2015

Ok. So as i understand, i need to recalculate salary (deduct uncalculated HRA) and mention final amount it in ITR "Income from salary". And have to mention un declare investment 80c under chapter VIA. And i believe there is no issue if there are mismatch (in my case yes.☺) in form 16 and ITR. No need to submit doc. But have to keep with me. Let me know if anything i misunderstood. Thanks again

Shailesh

Others

27 Points Joined June 2015

Ok. So as i understand, i need to recalculate salary (deduct undeclare HRA from salary) and mention final amount (after HRA deduction) in ITR and 80c investment in chapter VIA.

And i believe there is no issue it there is mismatch (in my case yes ) in form 16 and ITR. i just have to keep HRA and investment proof with me and no need to submit.