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Tax Return

Since the amount disclosed in income chargeable under the head salaries is less than 90% of Salary reported in TDS 1, please ensure to fill details in Others in Exempt Income

Error while filing ITR - amount disclosed in income chargeable under the head salaries Since the amount disclosed in income chargeable under the head salaries is less than 90% of Salary reported in TDS 1, please ensure to fill details in Others in Exempt Income – an error that many of salaried tax payers are facing while filing their income tax returns. In this post we tell you why […] Continue reading →

How to fill Salary details in ITR?

Salary details in ITR For tax payers with income from salary, the ITR (Income Tax Return) Forms applicable for AY 2018-19 (FY 2017-18) asks for salary details and breakup. Until last year the ITR forms only asked for the taxable part of salary but this year it asks for following 5 salary details: Salary excluding allowances, perquisites and profit […] Continue reading →