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Jayesh Paija

Category : Exempt H..,
Solved
July 27, 2018 10:12 pm
  • Exempt HRA when not shown in Form 16
Hi Amlan,

My basic salary is high and due to which in form 16 my HRA excemption is not being considered as per the HRA caculation steps it take

Rent paid - 10% of basic... suppose i am paying the rent is 8000/- and the 10% of basic is 8200 so the amount will not be taken considered for the HRA ex...
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Amlan Dutta
The calculation for HRA exemption still applies and the least of the 3 will get applied on the HRA received to qualify for HRA exemption ...if employer hasn't considered , you can still do the calculation and reduce your non exempt allowances accordingly...refer video answer option for this answer ...
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  • July 27, 2018
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Dakshesh Patel

Category : Processi..,
Solved
July 27, 2018 10:06 pm
  • Processing of returns
I am new user for ITR ,I filled my wife's ITR on 19/07/2018 and e-verified done on 20/07/2018 but still ITR processed is not showing. when it will show??
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Amlan Dutta
There is no definite answer to this ...it all depends on when the assessing officer picks up the file ...usually happens within 10-15 days ...if it doesn't raise a E Nivaran ticket for faster processing

Select question category properly next time to avoid query getting deleted
  • July 27, 2018
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Ashish jain

Category : Taxabili..,
Solved
July 27, 2018 7:21 pm
  • Taxability of PF
Hi Amlan,

I worked in an organization for 4 yrs but I withdrew my PF only after 5 years. The period between the 4th year & the 5th year I was not working.

The PF amount I've received & upon checking I found 10% TDS has been deducted.

Please could you let me know where to show the amount of PF re...
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Amlan Dutta
Since, there is no continuous service period of 5 years here ,so here the PF withdrawal which is done even after 5 years is taxable A. Income breakup portion

It would be taxed as given below.

1.) Employer contribution and interest thereon
Basically, the employer’s contribution and interest thereon wo...
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  • November 27, 2018
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Inder

Category : DTAA IN..,
Unsolved
July 27, 2018 6:40 pm
  • DTAA INDIA USA
Hi Amlan,
Good Day sir - first of all thank you for detailed tutorials really very informative.

Summary - I am working for an MNC and enrolled through ESPP (employee stock plan through my company) and my company is listed in USA stock exchange. Hence getting some stocks on monthly basis (of US entit...
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