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ADITYA MAHATO

Return for Salary, Interest...
sir
Gob bless u for this noble service. I have FD and savings interest on two different banks but it is not shown in my 26 AS , is it necessary to show on ITR1, if it is less than 10000 and gross salary is more than Rs. 300000, from where can I get it. If u have any tutorial on it please give me the...
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Amlan Dutta
Both saving and FD interest are taxable income , you can check your account statement for the credited interest from savings and accrued interest from fixed deposit ....it doesn't matter what the amounts are , they need to be shown in the return ....take up with your bank so that the FD starts refle...
  • August 6, 2018
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Zoya

Return for Salary, Interest...
hello sir,
greetings of the day,

I seek to know where shall we fill the amount of "tax paid by employer" i.e professional tax as been reflected in form 16 while filing ITR 2 ? i am filing it through excel utility

Thanks in advance
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Zoya
I was trying to attach screenshot but seems there is some problem at my end as its not uploading . But i figured out sir its "professional tax" that has been deducted and paid
  • July 9, 2018
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Amlan Dutta
This is eligible deduction under section 16 ...So, you shall mention this tax on employment i.e professional taxes paid under deduction sunder section 16 ...check attached picture
This is eligible deduction under section 16 ...So, you shall mention this tax on employment i.e professional taxes paid  under deduction sunder section 16 ...check attached picture
  • July 10, 2018
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NITIN CHOPRA

Return for Salary, Interest...
If a person retire in middle of year say in May 2017 , how to fill the Income tax form for Salary + Pension i.e. for two with Salary and rest of 10 months with Pension. Please explain.
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Amlan Dutta
Case (i) Pension breakup is not given,
Salary = Salary basic + total pension
Non exempt allowances = ( Form 16 gro...
  • July 5, 2018
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Anwesha Ghorai

Return for Salary, Interest...
As a nil return payer the employer didn't provide 16A. In schedule TDS2 bank deducted interest on FD which was made on Aug'17 for 2.5 year & total interest above 10K. I submitted 15G for 2017-18.Which value to be written in Col 6 i.e. the claim amount? Is the amount is totally refundable?
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Amlan Dutta
Employer provides TDS certificate form 16 and not 16 A .....if your taxable income i.e salary plus interest minus any savings (i.e 80 C to 80 U) is below threshold levels , then since your tax liability shall be nil so any TDS deducted by the bank shall be refunded back ...request that you watch a r...
  • June 28, 2018
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Naresh Yadav

Return for Salary, Interest...
Dear,sir I have a one question is I am sallired employee and have income of interest of lic premium .so which ITR have filled.ITR 1or ITR 3
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Amlan Dutta
Selection of return must be such that a person can depict all income heads applicable to him /her in the return ...in your case , your scope of income is from salary and interest income ( income from other sources) ...clearly the same can be presented using ITR 1 ....so , you can use ITR 1 ...you ha...
Selection of return must be such that a person can depict all income heads applicable to him /her in the return ...in your case , your scope of income is from salary and interest income ( income from other sources) ...clearly the same can be presented using ITR 1 ....so , you can use ITR 1 ...you have no business income so why should you use ITR 3 and complicate matters ..........check the attached picture where you shall put the salary and the interest income.......
  • May 12, 2018
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Naresh Yadav
Thank you sir.
  • May 12, 2018
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