regarding Quick e-File ITR1

Efiling 2257 views 13 replies

I'm e-filling my IT return using Quick e-File ITR link of e-filling website

(https://incometaxindiaefiling.gov.in/e-Filing).

I've filled all personal and income details as per this blog :

 

https://techietrivia.blogspot.in/2013/07/quick-efile-itr-1-sahaj-form-filling.html.

 

Most of the fields were automatically filled by website itself.

Similarly, SCH TDS1 section of TDS tab was automatically updated / filled by the site with one entry/row having details of TDS deposited by my employer and i guess as per Form 26AS. Form 26AS contains Gross Salary transactions only.

But column "Income chargeable under the head Salaries (4)*" of section SCH TDS1 was automatically filled with amount equal to my Gross Salary in my Form-16.

I'm bit confused. Why is it so?

Bcoz in Form-16,

Income chargeable under the head 'salaries'    =   Gross Salary  -  Less: Allowance exempt under section 10  -  Tax on Emp.

 

Shall I keep "Income chargeable under the head Salaries (4)*" column of section SCH TDS1 value as is?

as it was automatically filled by website.

          OR

I need to correct this value and fill Income chargeable under the head 'salaries'  value from Form-16?

 

Plz help............

URGENT

Thanks and regards,
Replies (13)

Please help. I've to file my return before 31st July.

URGENT.....

plz help

you have to change it, website just picks up it from your previous returns

No. Its not from previous year return.

Gross Salary value is from my current Fin. Year Form-16 and Form 26AS.

Form 26AS .

 

 

You should change the figure, since if you will not going to change figure i think it will calculate Tax on your gross salary i.,e without giving on exemption, so you should see weather it is calculating your tax right, if yes then not change, if no then change the figure.

Its not affecting my tax calculation.

if its not affecting your tax calculation then do not change the figure, form has taken the figure automaticaly form 26AS so it must be the way they have designed it.

 

The figure actually should match with Form 26AS hence now a days  the intimation is generating from CPC it will match the schdule of tds with 26AS if the figures are different then it may not accept so its better it should filledup as per form 26AS

But Form 26AS contains Gross Salary transactions only and total of gross salary.

Yes it will contain gross salary but it will not be considered for tax calculation purpose

That means I've to keep it as is.

i.e value should be Total Gross Salary as given in Form-16 as well as Form 26AS.

Right?

I've kept it as is and filed return.

But in my friend's case the amount was wrong. In his case Form26AS gross salary total was wrong.

so in his form I filled "Income chargeable under the head 'salaries"' value from Form-16.

 

Please advise if I've done anything wrong.......

fill Income chargeable under the head 'salaries' value from Form-16?

Read more at: /forum/regarding-quick-e-file-itr1-258822.asp

Nothing wrong on that you may get intimation from CPC if my logic is right on that time if you got you can file the rectification corresponding to that intimation hence it will get rectify so no need to worry just send the ack to CPC


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