Warning While filing ITR-1

Warning While filing ITR-1

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Missing
Deal Newbie
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Hello All,

I am getting following warning while filing ITA-1 on income tax site,

“The amount of salary disclosed in Income details/Part BTI is less than 90% of Salary reported in Schedule TDS1”

Can anyone please help me what to do here?

Thanks,

14 Comments  |  
13 Dimers
Missing
Deal Newbie
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the amount recorded in income details is higher than what u declared as received. I assume that u used pan card db option while filling, just put the same amount in tab 4 n 5 and submit. it seems itir is picking up Gross income instead of net

Free vector troll 062218 troll
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c form 26s

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Deal Lieutenant
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Go with clear tax .com which auto fill the data by just uploading Form 16.
I also faced same issue.

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Deal Cadet
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Means you are declaring the income which is less than the amount mentioned in form 16 or Form 26 AS

Missing
Deal Newbie
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Hi,

Many taxpayers are having this problem this year. I have knowledge about this issue so let me share my knowledge with you guys.
What happens is in case of a salaried employee, copany sends data to Income Tax Department through TDs return filed by them. this contacts your income and TDS deducted and depostied by company. Income which is given by company in this return reflects in your Form 26AS.
Details sends by compnay in this return excludes exemptions for allowances availed by you. Let me tell this to you by an example. Your total income is Rs.800000 and this contancts exempted allowances of Rs1.25 lacs and you have saving of Rs 1.5 lacs u/s 80C& 80D.
IN this case your gross taxable income is Rs 6.75 Lacs (8-1.25) and net taxable income is Rs.5.25Lacs (6.75-1.5) . You will be taxed on this.
But this year due t changes in laws, company sending the information like this Taxable Income Rs. 6.5 Lacs (5.25 Lacs).

In this case, your actual taxable income is Rs 5.25 lacs but income tax department getting information of Rs 6.5 lacs.

Therefore this error is showing in all the returns filed by you guys.

Hope you guys are able to understand the whole issue. in case, if anyone still have any issues, you can ask me.
smile

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"@riya95":http://www.desidime.com/users/428035 wrote:

c form 26s

form 26AS

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Deal Colonel
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@saniya007 wrote:

Hi,

Many taxpayers are having this problem this year. I have knowledge about this issue so let me share my knowledge with you guys.
What happens is in case of a salaried employee, copany sends data to Income Tax Department through TDs return filed by them. this contacts your income and TDS deducted and depostied by company. Income which is given by company in this return reflects in your Form 26AS.
Details sends by compnay in this return excludes exemptions for allowances availed by you. Let me tell this to you by an example. Your total income is Rs.800000 and this contancts exempted allowances of Rs1.25 lacs and you have saving of Rs 1.5 lacs u/s 80C& 80D.
IN this case your gross taxable income is Rs 6.75 Lacs (8-1.25) and net taxable income is Rs.5.25Lacs (6.75-1.5) . You will be taxed on this.
But this year due t changes in laws, company sending the information like this Taxable Income Rs. 6.5 Lacs (5.25 Lacs).

In this case, your actual taxable income is Rs 5.25 lacs but income tax department getting information of Rs 6.5 lacs.

Therefore this error is showing in all the returns filed by you guys.

Hope you guys are able to understand the whole issue. in case, if anyone still have any issues, you can ask me.
https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif


ok
u provided the issue but whats the solution?

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"@rajrocks":http://www.desidime.com/users/349128 wrote:


ok
u provided the issue but whats the solution?

file the return with the income mentioned in form 16 and if you have any income and deduction which are not mentioned in the form 16. let this msg come you will not be in troubled.
.

Missing
Deal Subedar
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this is a very old thread. don’t know why it came up suddenly. however, since the return filling issues are coming u again soon, my 2 cents.
download excel utility for ITR2, fill up, verify, generate XML file offline and upload
ITR2 is more detailed but actually easier to fill up if you just follow the flow.
Also, it takes care of internet connection problems.

Missing
Deal Newbie
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I had the same problem, but found this video helpful. Please watch:

Maxresdefault
Deal Cadet
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I solved it. You need to mention all the company provided exemptions you got(you can find in your Form 16) in case of salaried employees. Need to mention in ‘Others’ column in last tab while ITR filing.

Missing
Deal Newbie
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Thanks, you were right! it was picking up my gross salary in Tab 4 instead of chargeable salary, I did correct it from form 16 and it was submitted successfully.

Thanks a lot for this useful info.

Missing
Deal Newbie
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if there is any HRA component in your form 16, then provide this detail under Others and select the drop down Sec 10(13A) – House Rent allowance. you will no more get the error and will be able to submit the returns..

Missing