In ITR-2, section PARTB-TI-TII, towards the bottom, in Schedule S, you are to fill salary details. It has separate rows for Salary, Allowances exempt under Section 10 (Rs. 9600). However, I find that this exempted allowance is not deducted from the final Income chargeable under Head Salaries in this form (nor is the tax on employment of Rs. 2500 deducted), increasing the tax liability. This is different from my Form 16, since it accounts for both Rs. 9600 and Rs. 2500 additional deductions, while ITR-2 does not.
Anyone noticed this? Am I doing something wrong here?
-ag
Menu
ITR-2 not deducting section 10, and tax on employment
Replies (1)
Dear AG,
While filling ITR-2 in salary coloum, you will fill the amount given in FORM -16 against below head(means net salary after deduction u/s 10).
6.Income Chargeble under the head 'salaries'(3-5)
And deduction u/s 10 coloumn is just for information for IT. so, in this coloum enter the amount of total deduction u/s10.
For any query revert back to me.
Regards,
Vikas Aggarwal
Recent Topics :
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
Related Topics :
CAclubindia
