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QUERY IN ITR 4

25 July 2018

Person having salary income as well as part time professional income shown under ITR 4 due to sec 44ADA adopted.

I want to know, in TDS-1 Schedule that is for "TDS on salary" on which amount TDS is deducted
(i) on gross salary, or
(ii) on net salary

2nd, can I show income under salary less than 90% of which is being reflected in 26AS?

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 25 July 2018

1. TDS on salary will be deductible Net salary after less eligible deductions...

2. Better to check out the salary and it's deductions and match with Form 16 and Form 26AS.

Vishesh Bhagat (100 Points)
Replied 25 July 2018

in 26AS gross salary and tds amount is showing. should I post this gross salary in income tax return or should I post net salary amount?

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 25 July 2018

Better to read instructions before filing ITR. If You have "Gross Salary (-) Deductions = Net Salary... Then Better to Show the Deduction In required columns...

RAJA P M ("Do the Right Thing...!!!") (127140 Points)
Replied 25 July 2018

For example If you have salary Rs 270000 gross salary and PF deducted Rs. 20000. then you ll show salary Rs. 270000 in income from salary column and In 80C column you ll show the PF amount Rs 20000...