Itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2015
DEAR SIR
I AM SALARY EMPLOYEE. MY SALARY INCOME IS LESS THAN EXEMPTION SLAB. I HAVE RECEIVE THE SALARY BY CHEQUE AFTER DEDUCTING OF EPF I HAVE ALSO A AGRICULTURE INCOME OF RS 150000.IS EPF SHALL INCLUDE IN SALARY INCOME AND ENTITLED ANY DEDUCTION UNDER SECTION 80C WHILE FILLING THE ITR AND UNDER THE ABOVE INCOME WHICH ITR FORM WILL BE USED FOR A.Y. 2015-16?
REGARDS
ANKIT
I AM SALARY EMPLOYEE. MY SALARY INCOME IS LESS THAN EXEMPTION SLAB. I HAVE RECEIVE THE SALARY BY CHEQUE AFTER DEDUCTING OF EPF I HAVE ALSO A AGRICULTURE INCOME OF RS 150000.IS EPF SHALL INCLUDE IN SALARY INCOME AND ENTITLED ANY DEDUCTION UNDER SECTION 80C WHILE FILLING THE ITR AND UNDER THE ABOVE INCOME WHICH ITR FORM WILL BE USED FOR A.Y. 2015-16?
REGARDS
ANKIT
04 October 2015
In the given case you need to use ITR2. Your PF Contribution deducted from your salary will not be included in salary. Only employers contribution in excess of 12% is included in salary. You will get deduction u/s 80C for your PF contribution subject to overall limit of Rs 1.5 Lacs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Applicability of Ind As to associate of associate
- Filing of Form 10BB instead of Filing Form 10B
- Company Incorporation - CA and directors signing from different states
- ITC - in 3b
- GST REFUND ON EXPORT EXPENSES OF EXEMPTED GOODS
- GSTR9 and 9c
- Ineligible ITC taken
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
