Regarding salary income
Nalini (Ca) (47 Points)
05 July 2018which amount of salary is to be considered while filing return, form 16 or 26 AS???
Akhil
(Student CA )
(966 Points)
Replied 05 July 2018
CA Akash
(Practising)
(29 Points)
Replied 05 July 2018
income from form 16 is to be taken as it is shows total income however 26AS shows income after subtracting the Exempted income if the same is shown while filling the TDS return from your employer...
SUMIT R. DUBEY
(ACCOUNT EXECUTIVE)
(46 Points)
Replied 06 July 2018
RAJA P M
("Do the Right Thing...!!!")
(127187 Points)
Replied 06 July 2018
Nalini
(Ca)
(47 Points)
Replied 06 July 2018
SHIRISH S S
(Proprietor)
(1016 Points)
Replied 06 July 2018
IMHO
1) The salary + Perquisites + Allowance + Exemptions u/s 10 should match amount paid/credited in form 26AS. (under sec192) . Exemptions u/s 10 should be shown @ 27 d
2) Amt under TDS1 18 - sno 1 ( income chargeable under head salary) should be equal or greater than given in form 16 and shall be equal to s.no 1 (vi).
3) TDS amount in TDS1 18 should match 26AS.
You can correct me if iam wrong. I am also filing my wife's ITR-1
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