How to calculate Income chargeble under the head salaries in ITR-1?
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
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
