Categories
Normal Grid Pagination Scroll
Devendra Kumar Chauhan

Category : How to f..,
Solved
June 13, 2018 4:27 pm
  • How to fill nature of income in ITR1 (exempt)
In tab taxes paid & verification what is the meaning of NATURE OF INCOME it is necessary to fill it pl tell me
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
It refers to pointing out nature of the exempt income source i.e whether it is exempt PF, whether it is exempt gratuity etc etc ...for example salaried guys may have transport allowance as a part of their salary and they are required to show it as exempt under section 10(14)(ii) ....i.e nature of i...
View More
It refers to pointing out nature of the exempt income source i.e whether it is exempt PF, whether it is exempt gratuity etc etc ...for example salaried guys may have transport allowance as a part of their salary and they are required to show it as exempt under section 10(14)(ii) ....i.e nature of income( exempt) is transport allowance and it is exempt under section 10(14)(ii)...likewise some may have received exempt gratuity as part of their income and they have to show it using section 10(10)...i.e nature of income is gratuity and it is exempt under section 10(10)
  • July 14, 2018
  • LikeLike
  • Select as Answer
Devendra Kumar Chauhan

Category : 80CCD(2)..,
Solved
June 13, 2018 4:22 pm
  • 80CCD(2) - Employer contribution towards NPS
Sir I am still confused I want to know that in under section 80C my contribution is rs 33150/-& my employer contribution is also rs 33150/-respectively in tier 1 then I should fill the amount of rs 33150/- in 80ccd(1) & my employer contribution amount of rs 33150/- should fill in 80ccd(2) pl guide ...
View More
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
You can fill employee contribution in 80 CCD(1) or 80 CCD(1B)- It is employee choice. As far as employer contribution is concerned, you shall fill it in 80 CCD(2).
  • June 14, 2018
  • LikeLike
  • Select as Answer
DEEPAK

Category : INCOME S..,
Solved
June 13, 2018 2:43 pm
  • INCOME SCHEDULE - SALARY
sir ,
1. Bonus is a part of basic salary or allowances
2. leave encasement is come under basic salary or allowances (i am getting 30days leave encasement every year )
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
You can claim bonus under profits in lieu of salary . Leave encashment is a part of salary Use your form 16 and subtract from gross the basic pay for 12 months .The figure that you get contains all non exempt allowances including earned leave encashment. Check my video on how to fill salary schedule...
View More
  • June 13, 2018
  • LikeLike
  • Select as Answer
Devendra Kumar Chauhan

Category : Employee..,
Solved
June 13, 2018 2:12 pm
  • Employee contribution towards NPS
Sir, I am govt employee. My NPS contribution is Rs 33150/- & my employer contribution is Rs 33150/-. Kindly let me know where this amounts can be shown in the tax return.
  • Hide Placeholder
  • Hide Discussion
Amlan Dutta
I assume that you are speaking of deduction benefit. Employee contribution can be shown under 80 CCD(1) or 80 CCD(1B). Note that the contribution in 80 CCD(1) along with 80 C can't exceed 1.5 lakhs whereas 80 CCD(1B) enjoys a separate 50,000 over and above 80C ( in your case the figure is 33,150 Rs)...
View More
  • June 13, 2018
  • LikeLike
  • Select as Answer