Selection of ITR Form

Hi,

I did read few of articles here and there regarding ITR Form for FY 12-13, All of them suggested that ITR 1 should not be used when the exempted income (i.e. HRA, LTA, Conveyance) excees Rs 5000. I wonder, in our company all of them receiving Rs 800 per month as conveyance irrespective CTC. Hope most of the companies in India does the same. Now what IT Department wants? 99% salarised employees should not be used ITR 1?

Please share your thought or experience if you have filed ITR 1 this time & for how many employees you have done?

Kindly correct me, if i have mentioned incorrectly anything.

Replies (1)

Yes, this is a matter on which more than one view is possible. I feel that exemptions greater than 5000/- means exemptions under section 10 not related to salary like interest from PPF, dividend, specified LTCG etc. Not the salary linked ones like HRA or conveyance or motor car or LTA etc.

Regards,

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

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

Varma Raja & Associates

Thrissur

CA Inter

View Details