I am a govt. employee and besides salary I also received Rs. 4500 for performing election duty on polling day. My income from dividend of equity mutual fund is Rs. 8693, from interest of saving bank account is Rs. 8127. 1 Is the election duty amount taxable ? 2 Do I need to file ITR-2? 3 In which section/column of ITR-2 I fill details of it?
29 July 2014
Election duty income will form part of salary and is taxable. Since dividend income which is exempt from tax is more than Rs 5000 you need to file ITR2.