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Madhu

Madhu

Sanjeev Govila 458 Answers |Ask - Follow

Financial Planner - Answered on Jul 23, 2023

Asked on - Jul 20, 2023Hindi

Money

Sir I am receiving salary income of Rs 9 Lakhs per annum and also I have received an amount of Rs 20000 on account of car rental how to show income in ITR and which ITR

Ans: The ITR-2 form need to be filled in your case. Also, you can claim deductions for your salary and rental income as well.

You need to follow the below mentioned steps:-
• Under the "Income from Salary" Head, you will need to enter your salary income.
• Under the "Income from Other Sources" Head, you will need to enter your car rental income.
• Also, you can claim the standard deduction of Rs 50,000 for your salary income.
• You need to calculate the taxation on basis of the above details and pay tax accordingly.

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