Tax From Salary

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Tax From Salary
Tax From Salary

Question: How do you deduct proffessional tax from your Gross salary in ITR 2 ? In which Schedule?

I have paid Rs. 2500/- as Proffessional Tax during the year 2007-08. I want to reduce this amount from my gross salary, but can’t find the right schedule in ITR-2. Please help.

The Gross Salary in my Form 16 is inclusive of proffessional tax. If I reduce the amount of Gross Salary (by the amount of proffessional tax) in ITR2 than the two figures wont match.





Answer: as mentioned by indian 1980 there is no separate column in itr for this ,fill net figure in itr form ,we can do so as same is written in itr form instructions also

Please read instruction number 14a which clearly mentions that if form 16 does not shows correct income tan calculate correct income and fill revised income .

downlaod form in excel or pdf form free with instruction

http://simpletaxindia.blogspot.com/2008/04/itr-excel-2008-09-ay-software-released.html

Payroll Manager Express Demo





Related posts

Leave a Reply

Security Code:

Tax Resources Archives: