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ITR 1

2224 views 13 replies

Dear Friends,

Today i am filling a ITR 1 from downloading excel /Pdf utility from Income tax website. I am surprised that in that form there were no columns for deductions under section 10 like HRA . So pls tell how to proceed with this problem.

Replies (13)

u have to fill the net income from salary , i.e. taxable salary,,

U HAVE TO FILL THE NET INCOME SALARY  I.E., AFTER SHOWING ALL DEDUCTIONS U/S 10 AND PROFESSIONAL TAX.

Originally posted by : Naveen.N

U HAVE TO FILL THE NET INCOME SALARY  I.E., AFTER SHOWING ALL DEDUCTIONS U/S 10 AND PROFESSIONAL TAX.

AGREED.

agreed with the views of navin............

Agree.U have to fill taxable salary

ya ,Agreed with these views

only net taxable salary.. 

yep! NET TAXABLE SALARY IS TO BE SHOWN  

in ITR-1 you have to show only Net SALARY
and

if you want to show allownces of u/s 10, then plz use ITR-2, in this you can fill all other details too

:)

agree with all.put net salary...

You can  Downlaod New Income Tax Return Forms for the A.Y. 2011-12 from the folowing link


https://tax-india.blogspot.com/2011/06/new-income-tax-return-forms-for-fy2010.html

Dear Suman,

 

 If u want to file ITR-1, u hv to show in the return net income from saly after deducting all allowances u/s 10 and deductions u/s 16.

But if u want to show the allowances u/s 10, u can file ITR-2.

 

It is better to show allowances u/s 10 for the person who want to file return for taking the loan.

 

Regards

 

Manav Goel 

For the purpose of filing return in the form ITR 1, you have to see in the form 16, column Income chargeable under the head "Salaries", which is given by your employer. The given heading is after Allowance to the extent exempt under Section 10 and Deductions for (a) Entertainment Allowance and (b) Tax on Employment. And that amount is which you have to show in the column income from the salaries.


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