My gross salary is 748000 and saving is 72000 standard deduction iseis 50000 and rebate under 10 e is 39229 and tax paidtpaid is 0 then what will be my chargeble income in TDs 1
ITR1 - income chargeable under salaries - Doubt - Plz help
Page no : 2
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 02 October 2020
If ITR is pre-filled from Form-16 or Form 26AS, then the gross salary amt (first line of Form 16) appears in the Schedule TDS1 under Income under Head Salaries. I simply go and erase that and enter the correct Income under the Head Salaries from Form 16.
The amount should be as per the label. If IT department really wants taxpayers to enter gross salary, they must get their Schedule TDS corrected and bring correct label.
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