Query regarding fillin of itr

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sir, i am filling itr1 with the help of form 16 ,in form 16 net salary is 290000, which i enter on 1sh sheet under income from salaries but in 2nd sheet that is tds sheet what amt to be enter gross salarx amt which is 345000 or net amt whch is 290000, i have confusion in sheet 2 only ,plz clearify this. thanks.
Replies (6)

You have to enter net salary. i.e., Rs. 290000.

Only net salary is to be shown as TDS was deducted only on net salary. The differential amount is exempt from tax under vairous sections.

In form 16 whatever income is shown as "Income chargeable under the head salaries" has to be recorded in TDS Sheet. I.e part 2 of itr

You have to show net amount, after deducting exempted allowance like HRA, TRANSPORT ALLOWANCE, this amount will be income chargeable under the head salary.

The Form 16 given to you would clearly mention Income under the Head Salaries. The same amount has to be shown in Tds sheet of Itr

Since you are claiming an exemption of more than 5000, you msut file ITR-2 & not ITR - 1

Your employer have filed TDS Return with an amount that exceeds net salary by more than 5000, the changes of your ITR -1 being declared defective by the CPC are high.

 

you should anyways write the net salary figure in the TDS schedule in the relevant ITR


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