which ITR 1or 2

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  1. krishnakant

    krishnakant New Member

    As per my form 16 my gross salary is 543802. Exempt income u/s 10 is 18464 . tax on employment is 2600 . so income chargeable under the head of salary is 522738. I want to know that the only reason my exempt income is more than 5000 rs (may be TA, CA, HRA ) i should select ITR 2 .
     
  2. Sumit Agarwal

    Sumit Agarwal Active Member

    ITR 1 should be filed if it includes only exempt income of TA,CA, HRA.
     
  3. krishnakant

    krishnakant New Member

    But there is a column in ITR 1 that to fill ITR 2 if the EI more than 5000 pa. Many experts say that IT will not respond this year in case of filling of ITR 1.
     
  4. Sumit Agarwal

    Sumit Agarwal Active Member

    Yes correct that EI more than 5000 pa than ITR 2 but here exempt income is income u/s 10,10A i.e agriculture income , etc not TA,CA, HRA.
     
  5. krishnakant

    krishnakant New Member

    Thanks , kindly elaborate the column in ITR 2 'allowance exempt under sec 10 ' and ' EI'.
     
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