ITR1 - income chargeable under salaries - Doubt - Plz help

Can you provide form 16 (downloaded one, issued by your employer) details for FY2016-17?

In Traces, Salary Details reported by Employer:

Total Amount of Salary: 664,092.00

Income Chargeable under the head salaries: 661,692.00

Not able to find an option to see the entire form 16 in traces though. checking further

In Form 16 amount paid / credited is 862003.00

So, you can take the figure 6.61... as income chargeable without any problem. No need to change any figures in TDS1.

Originally posted by : Dhirajlal Rambhia
	So, you can take the figure 6.61... as income chargeable without any problem.

I will anyways put that 6.61.. figure in income chargeable under the head salaries in main section / income details section. 

But, confused about the "Income chargeable under salaries" field in SCH TDS1 section. It is pre popupated with 862003 from 26as I think. If I edit it to 661692 will the automated aoftware detect any mismatch?

Thanks a lot :)

Thanks a lot :)

That figure is gross income as before exemption u/s. 10. And your form 16 confirms taxable salary income as:

"In Traces, Salary Details reported by Employer: Total Amount of Salary: 664,092.00

Income Chargeable under the head salaries: 661,692.00"

So, no problem seen.
 

Originally posted by : Dhirajlal Rambhia
	That figure is gross income as before exemption u/s. 10. And your form 16 confirms taxable salary income as: "In Traces, Salary Details reported by Employer: Total Amount of Salary: 664,092.00 Income Chargeable under the head salaries: 661,692.00" So, no problem seen.

Sir just to clarify - Form 16 doesn't shows 661692 figure. Form 16 is showing the gross figure only as reported in 26as i.e, 862003

However, there is a section in traces after logging in called "Salary Details reported by Employer"

Clicking on it showed the above mentioned figures.

Yes, that's true, because form 26 is derived from TRACES only. But that is gross salary paid. And if there was no record of salary chargeable as 6.61 in traces, then the problem might have occured; but that is clear in TRACES/Department. So, the figure 6.61 will definately be accepted by CPC. For more confirmation, you may get copy of form 16 from your employer.

Just an update. After completing the form and on finally saving it it showed a warning message although it is not blocking me from saving the form.

Message is:

"1. The amount of salary disclosed in "Income details/Part BTI" is less than 90% of the salary reported in TDS1"

I hope this same check doesn't causes some kind of auto selection for scrutiny for my return

No............. Its very common....

If you surf the forum............ there was a query few days back as:

The amount of salary disclosed in "Income details/Part BTI" should not be less than 50% of the salary reported in TDS1"

But solution to the problem is only that if you have not deviated the figures of form16 Part B (issued by your employer along with Part A as downloaded from TRACES), no mismatch would occur, even if it may apparently be seen from 26AS.

Othewise also....... 'Gross salary: Total' (sr. no 1(d)) and 'Income chargeable under head Salaries (3-5)' (sr no 6, of Form 16 Part B) will not be always same!

Gross salary 449117 Less u/s 10 : SCA 9000 TA 9600 Less u/ s 16. 2500 Net salary. 428017 Deduction. 86879 Taxable income. 341140 Income tax 4557 Rebate. 2500 Taxable amount. 2119 Sir is this calculation correct? This is the manual calculation of my employer but in traces form 16 amount of SCA and TA are put under other sections of Chapter VI A . Pliz help me in filling the ITR 1 for FY 2017-18

Many employers this year have not given the breakup of the salary components in Form16, yet the ITR forms require the breakup of the salary to be entered from this year. Employees then have to determine their components breakup from 12 salary slips.

Hopefully all employers will start giving entire full breakup of the salary from next year onwards.