How to fill salary details in ITR1 for FY 2017-18 – Economic Times

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  • Last Updated on 27 October, 2020

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Naveen Wadhwa, DGM, Taxmann.com says, “Amount of salary reported in point no. (a) of gross salary in Part-B of Form 16 is inclusive of basic and all the allowances received during the year. This amount also includes allowances that are partially or fully exempt from tax. Therefore, if your employer does not provide you the break-up of your annual income in the Form-16 Part-B, then you will be required to calculate this taxable figure from the salary slips.” 
This ‘salary’ amount will include basic salary or wages, any annuity or pension, gratuity, advance salary, leave encashment, fees, commissions, explains Wadhwa. Therefore, you will be required to add each of the above mentioned amounts to arrive at this figure. 
 

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