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Itr1 filled while exempt income greater dan 5000

ITR Filing 1783 views 1 replies

My exempt income in Rs 81600(HRA) (under section 10) & as a salaried person and I have filled tax via the E-filing ITR-1 Form as only 2 options were available (ITR1 & ITR-4s) when using quick filing E-File . But now I am reading everywhere that if the exempt income is more than Rs 5000 (Monthly) we need to fill ITR-2 Form NOT ITR-1 Form. Is it correct . If Yes how can I re-file the tax. Do I need to file it Online(E-file) or Online(Upload process).

 

Kindly help !!! 

 

Hunny

Hunnydelhi1 @ gmail.com

Replies (1)

It is not clear whether conyeyance allowance , HRA etc are covered under the exempt category meant for ITR 1.

Also, the 5000/- limit for exempt income is not monthly but it is annually.

You can now revise the return in form ITR 2 by down loading the excel utility and then uploading the xml file.


CCI Pro

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