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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.
4 Answers
- Anonymous1 decade agoFavourite 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
- Anonymous5 years ago
It sounds like somebody has already finished the math for you, so which you may answer your query, the £a hundred and forty stands out as the quantity taken out of your internet pay each and each month (i.e. out of your pocket). Fengirl2 is spot-on. the generic approach is for HMRC to regulate your PAYE code selection to take the vehicle under consideration. they might do this whilst your new company tells them which you have the (inner maximum) use of a vehicle. yet there is a few postpone between you beginning with a clean company and HMRC amending your code selection. if so, as quickly as your code is amended you is probably not waiting to pay over each and all the tax due via the top of the tax 365 days, with the end result being an underpayment. Your word of (tax) coding might desire to show whether which will ensue on your case. you have not suggested gasoline for the vehicle, which would be a added fee reckoning on the way it works on your organization. To be straightforward nevertheless, £a hundred and forty in line with month sounds like it ought to incorporate the two. The link under promises some added info on the undertaking, and encompasses a calculator (so which you will verify the math!).
- 1 decade ago
In Schedule S (Details of Income from Salary) in column 1 Salary write your net salary for eg. if your gross salary is Rs. 2,00,000 and profession tax paid is Rs. 2,500 then write Rs. 1,97,500. There is no seperate column to shown deduction of profession tax or tax on employment.
- 1 decade ago
Hello use free ITR retur filing software at www.saralefile.com
this may help you to answer your questions.
regards
