{"id":9527,"date":"2018-07-17T09:12:38","date_gmt":"2018-07-17T03:42:38","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=9527"},"modified":"2019-04-19T23:32:06","modified_gmt":"2019-04-19T18:02:06","slug":"salary-details-in-itr","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/salary-details-in-itr\/","title":{"rendered":"How to fill Salary details in ITR?"},"content":{"rendered":"

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.<\/strong> Until last year the ITR forms only asked for the taxable part of salary but this year it asks for following 5 salary details:<\/p>\n

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  1. Salary excluding allowances, perquisites and profit in lieu of salary<\/li>\n
  2. Allowances not tax-exempt<\/li>\n
  3. Valuation of perquisites<\/li>\n
  4. Profits in lieu of salary<\/li>\n
  5. Deductions under section 16<\/li>\n<\/ol>\n
    \"Salary
    Salary Details in ITR 1 – AY 2018-19<\/strong><\/figcaption><\/figure>\n

    Until last year, it was very easy to just pick up numbers from Form 16 and put it in the ITR form. But this year most salaried are confused on what to put in these 5 fields. In this post we give an explanation of all the five salary heads and then with a sample Form 16 explain which number goes where.<\/strong> We would do a bit of calculation and hence you may need pen & paper or excel sheet, whatever you are comfortable with.<\/p>\n

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    Here are some posts which can help you with e-filing of ITR 2018:<\/strong><\/p>\n

    1. 7 Most Important Changes in ITR Forms for AY 2018-19<\/a><\/p>\n

    2. Calculate your Tax liability for FY 2017-18 (AY 2018-19)<\/a><\/p>\n

    3.\u00a0Which ITR form to fill for\u00a0Tax Returns for AY 2018-19?<\/a><\/p>\n

    4.\u00a0How to Claim Tax Exemptions while filing ITR?<\/a><\/p>\n

    5.\u00a0Use Challan 280 to Pay Self Assessment Tax Online<\/a><\/p>\n

    6.\u00a0Form 26AS \u2013 Verify Before Filing Tax Return<\/a><\/p>\n

    7.\u00a05 Ways to e-Verify your Income Tax Returns<\/a><\/p>\n

    8.\u00a0What if You DO NOT file your Returns by due Date?<\/a><\/p>\n

    9.\u00a0Can I file my Last Year Tax Return?<\/a><\/p>\n

    10.\u00a0Why and How to Revise Your Tax Return?<\/a><\/p>\n

    11. What does Intimation U\/S 143(1) of Income Tax Act mean?<\/a><\/p>\n

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    Salary Breakup Details as per ITR:<\/h2>\n

    Before we focus on salary details we need to understand typical salary structure. The salary of an employee usually consists of following components:<\/p>\n