{"id":9552,"date":"2021-07-01T11:42:00","date_gmt":"2021-07-01T06:12:00","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=9552"},"modified":"2021-07-05T18:16:52","modified_gmt":"2021-07-05T12:46:52","slug":"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","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/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\/","title":{"rendered":"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"},"content":{"rendered":"\n

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<\/strong> \u2013 an error that many of salaried tax payers are facing while filing their income tax returns. In this post we tell you why you get this error and the way around.<\/p>\n\n\n\n

\"Error
Error while filing ITR – amount disclosed in income chargeable under the head salaries is less than 90% …<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

How to Pay 0 Income Tax on Salary of Rs 20+ Lakh?<\/strong><\/h4>

Salary components and salary structure plays a very important role in how much income tax you pay. We have come up with some optimised salary structure using which you pay NO income tax even with CTC of more than Rs 20 Lakhs<\/a>.<\/p><\/div><\/div>\n\n\n\n

Why the Error?<\/h2>\n\n\n\n

This error occurs when your gross salary as reported by your employer in Form 26AS is higher than the one quoted by you from Form 16 while filing your tax return<\/strong>.<\/p>\n\n\n\n

Your Form 26AS numbers matches with what is quoted in Form 16 \u2013 Part A by your employer. Below is a sample:<\/p>\n\n\n\n

\"Form
Form 16 Vs Form 26AS<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

While filing the return online, the ITR Form automatically picks up data from Form 26AS. You can check the same in Tax Details tab >> Sch TDS 1 as shown below<\/p>\n\n\n\n

\"TDS
TDS 1 – Details of Tax deducted at Source from Salary<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

The above salary in the header \u201cIncome chargeable under salaries\u201d is Gross salary (as can be seen in the Form 16 Part B below) but while filing your return, you need to put only your Net salary.<\/p>\n\n\n\n

Net salary = Gross Salary \u2013 Tax Free Allowances<\/strong><\/p>\n\n\n\n

The error occurs when Net Salary is less than 90% of gross salary & you do not report the tax-free allowances in exempted income section of ITR<\/strong><\/p>\n\n\n\n

Like in this case the Gross Salary is Rs 15,86,610 and net salary is Rs 13,12,938. The percentage of Net to Gross salary is 83%. Since this is less than 90%, you get the error.<\/p>\n\n\n\n

\"Gross
Gross Salary Vs Net Salary – Form 16<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

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