Hi,
I wanted to know what should be in 'Income under salary' under section SCH TDS-1 while filing income tax (there is a gross salary amount mentioned in it from traces).
Should It be the Gross Salary Or should it be the amount mentioned in the section 'Income chargeable under the head 'salaries' of Form-16.
This question has been posted a number of times, but I didn't get a clear picture, hence 'asking.
Any help will be appreciated.
Thanks.
you mean, which figures (salary) should be filled in Schedule TDS-1 of income tax return...
Yes, that Correct.
Schedule TDS1 - Details of Tax Deducted at Source from Salary [As per Form 16 issued by Employer(s)]
Tax Deduction Name of the Employer Income chargeable Tax deducted
Account Number under Salaries
(TAN) of the Employer
according to language, income chargeable under salaries should be filled (after deducting exempt income/allowances)
But This amount was prefilled and the amount is same as the Gross Salary (also the amount mentioned on Traces Website).
So, should I change it to the figure mentioned in the section "Income chargeable under the head 'salaries'" of Form-16.
I think , Yes
because it is according to language
Thanks a lot Dinesh.
YOU ARE WELCOME
CAclubindia
