Sch tds-1

Efiling 1533 views 7 replies

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.

Replies (7)

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details