Salary Break Up FY 2017-18 AY 2018-19

Tax payers have to provide Salary Break Up while filing their income tax return.

Most of the tax payers are not e-filing their ITR forms correctly.

You know during filing ITR-1(e.g.) online,you should provide salary information correctly.

Steps to follow while filling up salary break up

1. In the very first column,(salary) provide only basic pay(pay band +grade pay) for the whole year.

2.  Secondly calculate non exempted allowance.

Download the salary break-up excel sheet

It will let you to calculate non exepted and exempted allowance easily.

3.Similarly you can easly fill the rest of the particulars like tax u/s 16,profit in liew of salary etc. from 16 Form.

Where to put exempted allowance In IITR-1

while filing ITR-1 for ay 2018-19

you can show your exempted allowance in the second last page of ITR-1 online.

For salary Break Up Follow key Points

  • Get 16 no. form.
  • Salary slip from your employer.
  • Salary break-up excel sheet which we have provided in the above link.

Conclusion:

Finally do provide correct information while filing your ITR-1.

Make sure first salary break  part must be filled correctly.

So that you can submit your income tax return without committing any mistake.

Please share this valuable article with your friends.

Thanks for reading this article.

Kuldeep Singh
 

is a professional blogger,teacher and income tax expert

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