How to calculate Income chargeble under the head salaries in ITR-1?
4 Replies
Amir
(Learner)
(4016 Points)
Replied 27 January 2010
Dear Chanakya,
It is mentioned in Form 16
Anyways,
BASIC SALARY xxxxxxxxxx
Add All Allowances (Net of Exemption u/s 10) xxxxxxxxxx
Add All Taxable Perquisite xxxxxxxxxx
Add Others (like Leave Encashment, etc) xxxxxxxxxx
---------------------------
GROSS SALARY XXXXXXXXX
Less:- Professional Tax Paid xxxxxxxxxxxxx
Less :- Entertainment allowance (in case of Govt. Emp) xxxxxxxxxx
----------------------------
INCOME CHARGEABLE UNDER HEAD SALARY XXXXXXXXXXXXXXXX
-------------------------------
Vignesh S.G
(CA and CS)
(110 Points)
Replied 28 January 2010
Amir is right...
U can hv a look at Form 16
Recent Topics
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF UNCLAIMED RCM
Related Threads
CAclubindia
