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