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Income under salaries sch tds1

Varun (Self) (28 Points)

09 June 2014

Hi,

What is the amount to be specified in Income under Salaries in SCH TDS 1. My Income after section 10 deduction is different than the amount paid / credit in TRACES.

Regards,

Varun

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2 Replies

C.A. Jignesh N. Mehta (C.A.) (1030 Points)
Replied 09 June 2014

As a matter of practice you should fill the income from salary amount as reflected in form 16 in the said SCH TDS1 column

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ashish (tl) (58 Points)
Replied 27 July 2014

Sir,
Yesterday, I filed my income tax return (ITR-1). In the return form, there is Schedul1-TDS, where ‘Income Under Salary’ was pre-filled from Form 26AS. I did not change the same and submitted the return.
The amount which was pre-filled from Form 26AS was actually ‘Gross Salary’ paid by employer i.e. the amount was before section 10 deductions.
Today, my friend asked me whether that amount should be ‘Gross Salary’ or ‘Salary after section 10′. Now, I am confused. I searched various sites, but, answer is different everywhere. Can you please guide me what is correct? Also, do I need to file return again in case it should be ‘Salary after section 10′?
Thanks,
Ashish