Salary Income plus Business Income

Salary received from employer- 6.5lakhs pa but no TDS deducted

Also Income from Business- Salary- 2.35lakhs and Interest- 34k.

Can i show my employer salary lesser than actual received as I am getting to pay High IT.

Also what all deductions I can claim on salary other than 80C and 80D?

 

Replies (5)
Quick Summary
This discussion addresses how to declare both salary and business income for tax purposes, including potential confusion around TDS and interest income. It strongly advises against under-reporting salary to an employer, as payments made via bank are traceable and attempting to do so could lead to future complications. The conversation also touches upon the appropriate Income Tax Return (ITR) forms (ITR-3 or ITR-4) and explores available deductions beyond the standard 80C and 80D.

Are you received salary through bank or Cash...???
You may use ITR-3 or ITR-4 and pay the income tax

Received Payment by Bank

If You are received Salary through bank then You don't show leaser value...
it's very danger in future...
Don't go by unprofessional way of tax evasion. Pay tax and file returns on time.

If you are earning income then you have to pay income tax . You may check the tax planning methods

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details