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sravan

ITR 2...
20 hours ago Unsolved
Hi Amlan,
Can you please answer my below mentioned queries regarding non-resident tax payer
1. As a non-resident individual tax status and no other income source in India, is it required to show the income of NRE saving account and NRE FD’s under exempt income while filing ITR or not..? My question...
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lucky

ITR 4...
i pay from online banking from my current account to rs 30,00,000/- per year (for mob recharge, DTH, flight booking, money transfer, school fee, university admission fee and etc)
should i apply for gst or not?
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Amlan Dutta
Your question is regarding GST registration...here since your annual turnover exceeds 20 lakhs , you are required to proceed for GST registration ....as far as direct taxes are concerned, you will be liable to pay income taxes on the generated income and file return for it ...you can refer videos on...
  • May 23, 2018
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PANKAJ SHUKLA

How to show HRA in ITR 1...
Dear Sir,
Where to show HRA in ITR 1 for ay 2018-19
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Amlan Dutta
Say, you get HRA 10,000 Rs per month of which 2000 is exempt and 8000 is taxable income. You will show 2000 Rs in exempt income reporting schedule For ...
Say,  you get HRA 10,000 Rs per month of which 2000 is exempt and 8000 is taxable income.                                                              You will show 2000 Rs in exempt income reporting schedule                                                                                        For non exempt i.e taxable portion you cannot show just one non exempt allowance separately ...           <br />    Process to do it is as follows - you will  take form 16 and salary slips  ...next figure out 12 month basic salary from payslips ...from form 16 , check gross (point 1a ) and exempt allowances ( Point 2 )                                          Now, subtract from gross salary basic and exempt allowances                                                                                      What you get is non exempt allowances which comprise taxable HRA(8000)   along with all other taxable /partially allowances ie DA, washing etc etc (Check attached pictures on what the process is like while filing of returns)Say,  you get HRA 10,000 Rs per month of which 2000 is exempt and 8000 is taxable income.                                                              You will show 2000 Rs in exempt income reporting schedule                                                                                        For non exempt i.e taxable portion you cannot show just one non exempt allowance separately ...           <br />    Process to do it is as follows - you will  take form 16 and salary slips  ...next figure out 12 month basic salary from payslips ...from form 16 , check gross (point 1a ) and exempt allowances ( Point 2 )                                          Now, subtract from gross salary basic and exempt allowances                                                                                      What you get is non exempt allowances which comprise taxable HRA(8000)   along with all other taxable /partially allowances ie DA, washing etc etc (Check attached pictures on what the process is like while filing of returns)Say,  you get HRA 10,000 Rs per month of which 2000 is exempt and 8000 is taxable income.                                                              You will show 2000 Rs in exempt income reporting schedule                                                                                        For non exempt i.e taxable portion you cannot show just one non exempt allowance separately ...           <br />    Process to do it is as follows - you will  take form 16 and salary slips  ...next figure out 12 month basic salary from payslips ...from form 16 , check gross (point 1a ) and exempt allowances ( Point 2 )                                          Now, subtract from gross salary basic and exempt allowances                                                                                      What you get is non exempt allowances which comprise taxable HRA(8000)   along with all other taxable /partially allowances ie DA, washing etc etc (Check attached pictures on what the process is like while filing of returns)Say,  you get HRA 10,000 Rs per month of which 2000 is exempt and 8000 is taxable income.                                                              You will show 2000 Rs in exempt income reporting schedule                                                                                        For non exempt i.e taxable portion you cannot show just one non exempt allowance separately ...           <br />    Process to do it is as follows - you will  take form 16 and salary slips  ...next figure out 12 month basic salary from payslips ...from form 16 , check gross (point 1a ) and exempt allowances ( Point 2 )                                          Now, subtract from gross salary basic and exempt allowances                                                                                      What you get is non exempt allowances which comprise taxable HRA(8000)   along with all other taxable /partially allowances ie DA, washing etc etc (Check attached pictures on what the process is like while filing of returns)
  • May 15, 2018
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hanif

Salary (ITR 1)...
Dear Amlan, i was given one full gross amount (given on occasion of Diwali - which is shown every year in gross salary-taxable) and i received salary arrears also ( salary was increased, therefore arrears were given). would like to ask if the both above amount comes in ALLOWANCE NOT EXEMPT column i...
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Amlan Dutta
I don't feel like replying multiple times to the same query I have told you that you should have a copy of of your form 16 to do this. ...
  • May 12, 2018
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hanif
many thanks mr amlan.....
  • May 12, 2018
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dhiraj gopalkrishna janja

TDS mismatch in Form 16 and 26 AS...
hello sir, my ques. is form no 16A and 26AS TDS doesn't match . What should i do

Also, which value fill should i fill in ITR 1 for salary income from form 16 or 26 AS
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Amlan Dutta
Normally, the last quarter TDS figures takes time to appear in form 26 AS ...you will be able to only claim credit to the extent appearing in form 26 AS ...so in case you see no progress in form 26 AS as far as TDS is concerned , take it up with your employer (for filing of TDS returns ) ...regards ...
Normally, the last quarter TDS figures takes time to appear in form 26 AS ...you will be able to only claim credit to the extent appearing in form 26 AS ...so in case you see no progress in form 26 AS as far as TDS is concerned , take it up with your employer (for filing of TDS returns ) ...regards income , you will use form 16 to put in chargeable income from salary in the return<br /><br />Like in below case , i cannot put income from salary from 26 AS because if you observe closely it is my gross salary (salary + perquisites + profit ) , so i will have to consider only my form 16 salary ( point 6 ) i.e 1174206 <br /><br />As regards TDS , i check my form 16 and see 134940 rs has been deducted but to get full credit of the same , i have to ensure that the same appears in form 26 as ..if it doesn't , i will inform my employer in this regard and wait for updation to claim  salary TDS credit.Normally, the last quarter TDS figures takes time to appear in form 26 AS ...you will be able to only claim credit to the extent appearing in form 26 AS ...so in case you see no progress in form 26 AS as far as TDS is concerned , take it up with your employer (for filing of TDS returns ) ...regards income , you will use form 16 to put in chargeable income from salary in the return<br /><br />Like in below case , i cannot put income from salary from 26 AS because if you observe closely it is my gross salary (salary + perquisites + profit ) , so i will have to consider only my form 16 salary ( point 6 ) i.e 1174206 <br /><br />As regards TDS , i check my form 16 and see 134940 rs has been deducted but to get full credit of the same , i have to ensure that the same appears in form 26 as ..if it doesn't , i will inform my employer in this regard and wait for updation to claim  salary TDS credit.Normally, the last quarter TDS figures takes time to appear in form 26 AS ...you will be able to only claim credit to the extent appearing in form 26 AS ...so in case you see no progress in form 26 AS as far as TDS is concerned , take it up with your employer (for filing of TDS returns ) ...regards income , you will use form 16 to put in chargeable income from salary in the return<br /><br />Like in below case , i cannot put income from salary from 26 AS because if you observe closely it is my gross salary (salary + perquisites + profit ) , so i will have to consider only my form 16 salary ( point 6 ) i.e 1174206 <br /><br />As regards TDS , i check my form 16 and see 134940 rs has been deducted but to get full credit of the same , i have to ensure that the same appears in form 26 as ..if it doesn't , i will inform my employer in this regard and wait for updation to claim  salary TDS credit.
  • May 10, 2018
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Dilip dwivedi

How to fill Salary breakup in ITR 1...
Dear amlan sir
I want to fill up itr 1for AY 2018-19 but some problem are create in salary details.options.. My salary have (-basic salary+d.a+hra+bonus)and no other allowances
Plz help as soon as possible so that I can fill itr..my problems are
1- what amount of salary's (basic,da,hra,bonus)are e...
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Amlan Dutta
You should have your pay slip and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...

Step - 1 - Identify the Gross salary

I.e th...
You should have your pay slip and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br /><br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) <br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - Arriving at Non exempt allowances <br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from from Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />(Note - If it doesn't match form 26 as , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br /><br />(Step - 7 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br /><br /><br />(Check attached pictures for my real live case )You should have your pay slip and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br /><br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) <br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - Arriving at Non exempt allowances <br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from from Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />(Note - If it doesn't match form 26 as , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br /><br />(Step - 7 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br /><br /><br />(Check attached pictures for my real live case )You should have your pay slip and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br /><br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) <br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - Arriving at Non exempt allowances <br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from from Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />(Note - If it doesn't match form 26 as , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br /><br />(Step - 7 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br /><br /><br />(Check attached pictures for my real live case )You should have your pay slip and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br /><br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) <br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - Arriving at Non exempt allowances <br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from from Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />(Note - If it doesn't match form 26 as , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br /><br />(Step - 7 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br /><br /><br />(Check attached pictures for my real live case )
  • May 10, 2018
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hanif

ITR 1...
dear amlan, would like to ask you that i show my gross salary as taxable.also i get 3 cheques yearly ie.medical,good service allowance and holiday travel which is also shown as taxable income in all in the salary income.besides that i dont get any allowance or perquisites,neither i get in leiu of sa...
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Amlan Dutta
Already answered this multiple times, do it from form 16 and not salary slip ...other than basic component , rest all shall fall under non exempt allowances
Present year dictates that you not only put in chargeable incom...
Already answered this multiple times,  do it from form 16 and not salary slip ...other than basic component , rest all shall fall under non exempt allowances                                                                                <br />Present year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year <br />You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it <br /><br />here’s what you are needed to do , <br />You should have your pay slip’s and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) ..i am assuming that it doesn’t change , however the june basic and onwards may have a slight increment (you can accordingly adjust )<br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - ******Arriving at Non exempt allowances *******<br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from  Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />Chargeable income = salary + non exempt allowances + perquisites + profits in lieu of salary   minus ( deductions )<br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br />Just cross check this part twice.<br /><br />(Note - If it doesn't match form 26 as(total amount paid credited ) , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br />If you get a adjustment notice under 143(1)(a)(iv) just head towards e assessment and explain that the difference is on account of exempt allowances depicted in the reporting schedule under section 10(14) ( if it is the case for conveyance)<br /><br />(Step - 8 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br />MY own case shown through attached picturesAlready answered this multiple times,  do it from form 16 and not salary slip ...other than basic component , rest all shall fall under non exempt allowances                                                                                <br />Present year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year <br />You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it <br /><br />here’s what you are needed to do , <br />You should have your pay slip’s and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) ..i am assuming that it doesn’t change , however the june basic and onwards may have a slight increment (you can accordingly adjust )<br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - ******Arriving at Non exempt allowances *******<br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from  Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />Chargeable income = salary + non exempt allowances + perquisites + profits in lieu of salary   minus ( deductions )<br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br />Just cross check this part twice.<br /><br />(Note - If it doesn't match form 26 as(total amount paid credited ) , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br />If you get a adjustment notice under 143(1)(a)(iv) just head towards e assessment and explain that the difference is on account of exempt allowances depicted in the reporting schedule under section 10(14) ( if it is the case for conveyance)<br /><br />(Step - 8 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br />MY own case shown through attached picturesAlready answered this multiple times,  do it from form 16 and not salary slip ...other than basic component , rest all shall fall under non exempt allowances                                                                                <br />Present year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year <br />You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it <br /><br />here’s what you are needed to do , <br />You should have your pay slip’s and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) ..i am assuming that it doesn’t change , however the june basic and onwards may have a slight increment (you can accordingly adjust )<br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - ******Arriving at Non exempt allowances *******<br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from  Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />Chargeable income = salary + non exempt allowances + perquisites + profits in lieu of salary   minus ( deductions )<br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br />Just cross check this part twice.<br /><br />(Note - If it doesn't match form 26 as(total amount paid credited ) , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br />If you get a adjustment notice under 143(1)(a)(iv) just head towards e assessment and explain that the difference is on account of exempt allowances depicted in the reporting schedule under section 10(14) ( if it is the case for conveyance)<br /><br />(Step - 8 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br />MY own case shown through attached picturesAlready answered this multiple times,  do it from form 16 and not salary slip ...other than basic component , rest all shall fall under non exempt allowances                                                                                <br />Present year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year <br />You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it <br /><br />here’s what you are needed to do , <br />You should have your pay slip’s and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) ..i am assuming that it doesn’t change , however the june basic and onwards may have a slight increment (you can accordingly adjust )<br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - ******Arriving at Non exempt allowances *******<br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from  Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />Chargeable income = salary + non exempt allowances + perquisites + profits in lieu of salary   minus ( deductions )<br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br />Just cross check this part twice.<br /><br />(Note - If it doesn't match form 26 as(total amount paid credited ) , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br />If you get a adjustment notice under 143(1)(a)(iv) just head towards e assessment and explain that the difference is on account of exempt allowances depicted in the reporting schedule under section 10(14) ( if it is the case for conveyance)<br /><br />(Step - 8 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br />MY own case shown through attached pictures
  • May 10, 2018
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Dheeraj kumar

How to break salary structure in new itr from fy 2018 - 19
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Amlan Dutta
Present year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year
You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it

here’s what you are needed t...
Present year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year <br />You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it <br /><br />here’s what you are needed to do , <br />You should have your pay slip’s and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) ..i am assuming that it doesn’t change , however the june basic and onwards may have a slight increment (you can accordingly adjust )<br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - ******Arriving at Non exempt allowances *******<br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from  Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />Chargeable income = salary + non exempt allowances + perquisites + profits in lieu of salary   minus ( deductions )<br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br />Just cross check this part twice.<br /><br />(Note - If it doesn't match form 26 as(total amount paid credited ) , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br />If you get a adjustment notice under 143(1)(a)(iv) just head towards e assessment and explain that the difference is on account of exempt allowances depicted in the reporting schedule under section 10(14) ( if it is the case for conveyance)<br /><br />(Step - 8 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br />MY own case shown through attached picturesPresent year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year <br />You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it <br /><br />here’s what you are needed to do , <br />You should have your pay slip’s and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) ..i am assuming that it doesn’t change , however the june basic and onwards may have a slight increment (you can accordingly adjust )<br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - ******Arriving at Non exempt allowances *******<br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from  Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />Chargeable income = salary + non exempt allowances + perquisites + profits in lieu of salary   minus ( deductions )<br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br />Just cross check this part twice.<br /><br />(Note - If it doesn't match form 26 as(total amount paid credited ) , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br />If you get a adjustment notice under 143(1)(a)(iv) just head towards e assessment and explain that the difference is on account of exempt allowances depicted in the reporting schedule under section 10(14) ( if it is the case for conveyance)<br /><br />(Step - 8 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br />MY own case shown through attached picturesPresent year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year <br />You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it <br /><br />here’s what you are needed to do , <br />You should have your pay slip’s and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) ..i am assuming that it doesn’t change , however the june basic and onwards may have a slight increment (you can accordingly adjust )<br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - ******Arriving at Non exempt allowances *******<br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from  Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />Chargeable income = salary + non exempt allowances + perquisites + profits in lieu of salary   minus ( deductions )<br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br />Just cross check this part twice.<br /><br />(Note - If it doesn't match form 26 as(total amount paid credited ) , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br />If you get a adjustment notice under 143(1)(a)(iv) just head towards e assessment and explain that the difference is on account of exempt allowances depicted in the reporting schedule under section 10(14) ( if it is the case for conveyance)<br /><br />(Step - 8 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br />MY own case shown through attached picturesPresent year dictates that you not only put in chargeable income from salary but actually arrive at it unlike last year <br />You are required to put in salary and also separately the Non -exempt allowances which are actually not forming a part of form 16 , so how do you do it <br /><br />here’s what you are needed to do , <br />You should have your pay slip’s and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ...<br /><br />Step - 1 - Identify the Gross salary <br />This will be point 1 (a) of form 16 i.e salary as section 17(1) <br />I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person)<br /><br />...........( say 10 lakhs )<br /><br />Step - 2 Separate the basic salary from the gross chargeable figure <br /><br />Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) ..i am assuming that it doesn’t change , however the june basic and onwards may have a slight increment (you can accordingly adjust )<br /><br />Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary <br /><br />........(say 6 lakhs )<br /><br />Step - 3 - ******Arriving at Non exempt allowances *******<br /><br />This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 <br /><br />Therefore you shall compute i.e <br />i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16)<br /><br />....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances)<br />so figure for non exempt allowances is 3.8 lakhs .......<br /><br /><br />Step - 4 -Value of perquisites under section 17(2)<br /><br />Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0<br /><br />Step 5 - Profits in lieu of salary( section 17(3)<br /><br />Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0.<br /><br />Step 6 - Deduction under section 16<br /><br />Check this from  Point 4 of form 16 <br />Usually (a) Entertainment allowance and <br />(b)tax on employment etc (say 2500 Rs )<br /><br />Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax <br /><br />Chargeable income = salary + non exempt allowances + perquisites + profits in lieu of salary   minus ( deductions )<br /><br />Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return<br />Just cross check this part twice.<br /><br />(Note - If it doesn't match form 26 as(total amount paid credited ) , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited )<br />If you get a adjustment notice under 143(1)(a)(iv) just head towards e assessment and explain that the difference is on account of exempt allowances depicted in the reporting schedule under section 10(14) ( if it is the case for conveyance)<br /><br />(Step - 8 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule )<br /><br />MY own case shown through attached pictures
  • May 10, 2018
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DHARMESH P BARODIYA

how to file itr 2 for capital gain ?
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Amlan Dutta
If it capital gains from stocks , this tutorial should help ......https://www.youtube.com/watch?v=tRBeQzqAlWA

Just a detailed tutorial for ITR 2 would be like this
Video - https://www.youtube.com/watch?v=z-q8OBhL_6c
  • April 26, 2018
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PANKAJ SHUKLA

How to show taxable hra in itr 1 for ay 2018-19
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Amlan Dutta
Under allowances not exempt .....see, HRA is a allowance and since you speak of the taxable HRA , so you will put it here ...infact all allowances that are taxable , you will club it all and out it under allowances not exempt........
Under allowances not exempt .....see, HRA is a allowance and since you speak of the taxable HRA , so you will put it here ...infact all allowances that are taxable , you will club it all and out it under allowances not exempt........
  • April 26, 2018
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NILESH NAMDEV BHOLE

Please make video tutorial for the assessment year 2018 19 ITR1
I have send the copy of form 16 on mail ID
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Amlan Dutta
Here is the tutorial for AY 2018 19 for salary income

Youtube Link - https://www.youtube.com/watch?v=S6OSkplYmO8
  • May 17, 2018
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hanif

ITR 1...
Dear Amlan, request you to please give us a video tutorial for itr-1 especially the salary column...with eg of form 16...will really appreciate... ay 2018-19
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Amlan Dutta
Mail me your form 16 at amlandutta007@gmail.com i will try and make a tutorial
  • April 25, 2018
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hanif
have not received form 16 yet.can u give a tutorial with dummy form 16...
  • April 25, 2018
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