Income chargeble under the head salaries in ITR-1

Tax queries 2965 views 4 replies

How to calculate Income chargeble under the head salaries in ITR-1?

Replies (4)

Dear Chanakya,

It is mentioned in Form 16

Anyways,

                                                 BASIC SALARY                            xxxxxxxxxx

Add          All Allowances (Net of Exemption u/s 10)              xxxxxxxxxx

Add          All Taxable Perquisite                                                 xxxxxxxxxx

Add         Others (like Leave Encashment, etc)                       xxxxxxxxxx

                                                                                             ---------------------------

            GROSS SALARY                                                             XXXXXXXXX

Less:- Professional Tax Paid                                                    xxxxxxxxxxxxx

Less :- Entertainment allowance (in case of Govt. Emp)        xxxxxxxxxx

                                                                                                 ----------------------------

INCOME CHARGEABLE UNDER HEAD SALARY             XXXXXXXXXXXXXXXX

                                                                                              -------------------------------

Agree with amir

Amir is right...

U can hv a look at Form 16

agree with Mr. Amir


CCI Pro

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