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Prashant Kumar

Category : Taxabili..,
Solved
July 1, 2018 11:10 pm
  • Taxability of Family pension( U/s 57)
Hi Amlan,
Since last year my mother is getting Monthly Family pension. You have mentioned in one of your recent videos that it is calculated under Income from other sources. I have 2 question related to that
1. Do we need to request the employer for tax forms to get the exact pension amount. Not sur...
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Amlan Dutta
Yes, under section 57, family pension is treated as income from other sources

1.) Form 16 is a salary TDS certificate , you wont get any such TDS certificate for family pension

2.) You can calculate using net family pension credited to your mother's account ..

While offering family pension for income ...
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  • July 2, 2018
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Hemant Kolte

Category : Taxabili..,
Solved
July 1, 2018 10:06 pm
  • Taxability of Gratuity
Hey Amlan,
For the year 2017-2018 my raise letter contains salary bifurcation which include gratuity around 17 K but neither included in my salary slip nor in Form 16.
is gratuity is exempted? what should i do ? . I work for private company and not going to retire soon
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Amlan Dutta
Any gratuity amount received by an employee (Govt or Private employee) during his service is taxable. In your form 16 , the gross salary must already contain gratuity not showing it separately and since it is not exempted so it does not reflect in section 10 exempt allowances as well. You simply fi...
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YouTube
  • July 3, 2018
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DAHIPHALE BALAJI NAGNATH

Category : 26 AS TD..,
Solved
July 1, 2018 9:51 pm
  • 26 AS TDS not prefilling ITR
Amlan sir I m filing itr for my father assement year 2018 19 when I entered the details form 16 and 26 as showing that tax deduction is 9081 ...But, in ITR when i check, it prefills with 6043 Rs plz solve my problem I'm sending copy of form 16
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Amlan Dutta
If salary TDS schedule is showing different figures, you can always edit it to show correct salary TDS figures from 26 AS ...leave TCS, IT schedule blank if they don't apply to your case .

( Question has been edited ...Please draft questions properly in future )
  • July 3, 2018
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JATIN MODH

Category : Transpor..,
Solved
June 30, 2018 11:07 pm
  • Transport allowance u/s 10(14)(ii)
I have just seen your following video https://www.youtube.com/watch?v=kDEnOBPrKfY for showing exempt transport allowance
In this video, you have used section 10 (14) for showing exempt transport allowance

But, in the ITR 1 return utility now, there is no section 10(14) alone now . Only, Sec. 1...
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Amlan Dutta
It shall come under section 10(14)(ii)...please select category properly for future queries (here category selection itself would have led to your answer)
It shall come under section 10(14)(ii)...please select category properly for future queries (here category selection itself would have led to your answer)
  • July 1, 2018
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