Regarding itr-1

Tax planning 357 views 2 replies
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Accounts Executive
40 Points Joined December 2012

Hi,

My friend having total annual salary of rs.300000/- and now he want to file ITR with exemption of rs.96000/- annual as HRA and rest of payment will be paid according to tax (bal.4000/100x10%=400 tax paid to Govt.)

Is it possible/ applicable.??????

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On 06 July 2013 at 18:09 Report
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CS CA F Numerologist Astrologer Graph
85935 Points Joined May 2010

YES he can get deduction u/s 10 and should file under ITR1 if he has only Salary income.

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On 06 July 2013 at 18:13
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Accounts Manager in Private Company
433 Points Joined December 2012

if a person gets a salary of rs 18000/- p.m. without any salary structure breakups such as allowances like d.a, t.a etc...and if he wants to take the benefits of non - taxable allowances then he can or not??

 

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On 10 July 2013 at 16:32


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