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Sanjay sen

Category : Salary m..,
Solved
July 24, 2018 5:26 pm
  • Salary mismatch in form 16 and 26 as
Sir,

Amount paid/credited as per 26AS and Form 16 Part A =649659/-
Also as per incometaxindiaefiling website,income chargeable under salaries is 649659/- given under tax details tab.
But income chargeable under head salaries as given in Form 16 PartB is 636305/- not 649659/-
Moreover,non taxable a...
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Amlan Dutta
Your 26 as should reflect 652084 Rs ..i.e gross receipts ...and you will show in chargeable income both in salary and TDS schedule = 6,36,305 ...chargeable income (636305) + exempt allowances( 13879) + tax on employment deduction ( 1900) = gross receipts i.e 652084 ..so, you can take up with empl...
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  • July 24, 2018
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Atul Kumar Pandey

Category : Income t..,
Solved
July 24, 2018 5:09 pm
  • Income tax
Plz explain "Income chargeable under salary".
I am confused.
What figure in tax efiling portal "Income chargeable under salary"?

Plz explain
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Amlan Dutta
Chargeable income refers to the portion of salary that is actually charged to tax .....say gross salary is 100 Rs of which 10 rs is HRA exempt allowance , 10 Rs is exempt transport allowance and deduction on account of tax on employment is 5 Rs ...so now though one receives 100 Rs , the chargeable i...
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  • July 24, 2018
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Jitendra B

Category : LTCG on ..,
Solved
July 24, 2018 3:03 pm
  • LTCG on stocks
LTCG on Equity MF and Listed Shares should be shown absolute or Indexed gains?
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Amlan Dutta
Absolute gains and not indexed gains .......
  • July 24, 2018
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Jitendra B
Thanks, any reference and guidelines to this from tax department?
  • July 24, 2018
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Gunjan Sharma

Category : Exempt H..,
Solved
July 24, 2018 1:48 pm
  • Exempt HRA when not shown in Form 16
Hi,
I forgot to submit my rent receipt of three month in my new company.
How can i show it now filing ITR?
where to put this.
I need to pay alot of tax. kindly help.
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Amlan Dutta
First compute eligible HRA ...you can then reduce exempt HRA from non exempt allowances and this will bring down your chargeable income to that extent ...select question category properly next time ...check answer option - video for relevant video
  • July 24, 2018
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