filing of itr 1

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  1. rajendiran

    rajendiran New Member

    in my form 16...gross salary shown after deducting home loan interest......and i am central govt employee under new pension scheme.....as per form 16...i nil tax due after TDS....when i fill ITR ..system shows...deduction under new pension scheme lesser than amount shown by my department...this is because system takes 10% of gross salary(after intrest deduction) for calculating NP scheme contribution..how to correct it in ITR form...kindly guide me to my Returns...
     
  2. ZED

    ZED Well-Known Member

    Send me the form. It appears that the calculation in the form is incorrect.
    The deduction is restricted to 10% of the salary. Higher amount is not allowed. Deduction might be available u/s 80CCD(1B) in respect of your own contribution.

    Mail the details and also tell the amount of investment made by you.
     
  3. rajendiran

    rajendiran New Member

    my form 16 details
    Gross salary....as per sec 17(1).......Rs 717145
    (-) housing loan interest.............Rs 200000
    Gross total income.............................Rs 517145

    80c...GIS.............................................Rs 360
    LIC.......................................................Rs 18800
    housing loan repayment.................Rs 66724
    Total under 80c.................................Rs 85884
    80ccd (1) new pension fund...........Rs 54976
    80ccd(1B) Govt contribution...........Rs 54976
    Aggregate total deduction...............Rs 195836

    Total income......................................Rs 321309
    Tax......................................................Rs 7134
    (-) tax credit....................................Rs 2000
    caculated tax....................................Rs 5134
    cess Rs 154
    tax payable.......................................Rs 5288
    TDS....................................................Rs 5288
    Tax due.............................................Rs 0

    when I fill itr 1.....systems shows 80ccd (1) and 80ccd(1B)...Rs....51715 and tax due around Rs 600 +...
    kindly guide me .......how to correct this....thanks
     
  4. ZED

    ZED Well-Known Member

    There is an error in the form.
    If possible mail me the form 16 in original.

    What is showed u/s 80CCD(1B) should have been shown u/s 80CCD(2).

    What amount was paid by you towards this scheme?
     
  5. rajendiran

    rajendiran New Member

    .....

    sorry......it is shown u/s 80CCD(2)......
     
  6. ZED

    ZED Well-Known Member

    Then it means you got the deduction.Pay whatever tax is pending as per ITR.
     
  7. Nikhil1029

    Nikhil1029 New Member

    Please go through below videos to understand simple steps to file income tax returns and pay tax online.

     
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