Tax worth 2500 was deducted from my salary at source as "Tax on employment" which falls under "Deduction u/s 16". I am efilling ITR2. I want to where should i show this deduction. I have shown a deduction of 100000 under VI-A.Should i just add 2500 and show 102500 as the total deductions in the last row for "deduction under chapter VI-A"?If this is wrong kindly tell me where should i should this deduction.
3 Replies
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 14 July 2009
hello
No need to show tax on employment, after that and before the 80c amt what you will get you should show that under the income under salary,, under 80c you should show only 100000 no need to include that amt in that...after deducting your tax on employment what amt you will get show in income under salary, and deduct the the 80c amt 100000...you should file in itr-1 not in itr-2....
Shrilakshmi Raj
(CA)
(81 Points)
Replied 15 July 2009
Yes. I agree with the above reply. You dont have to show the Tax on Employment separately in ITR-2.
pankaj kannaujiya
(accountant)
(61 Points)
Replied 18 July 2009
no, u can not show separate because it is already deducted from imcome from salary . and also deduction should be maximum allow Rs. 1,00,000/- not more than that amount.
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