Query on choosing ITR1 or ITR2

Vijay B (Computer Engineer) (21 Points)

18 July 2024  

Hi,


I have a query on which ITR to choose while e-filing.
I understand that if your total income is more than Rs 50 Lakhs then you are supposed to file ITR2.
The query is when we say total income is it the line item "1. Gross Salary" in Form 16 or is it "9. Gross Total Income" or is it "12. Total Taxable Income" that must be considered in deciding which ITR form to file ?

I have a Gross Salary as Rs 53 Lakh but in the next section of Form 16, there is an allowance exempt of Rs 8.45 Lakh as Gratuity and Leave encashment exempt of Rs 1.5 Lakh in my Form 16. After deducting these 2 exempts, the Gross Salary gets reduced to Rs 43.05 Lakh which is below Rs 50 Lakhs mandated to file for ITR 1. So I am confused in this case which amout to consider and which ITR form to fill up.

Appreciate to help me with this query in choosing ITR1 or ITR2.