Dear all,
I wanted to file the IT return for AY 2012-13 for my income which includes Income from salary and interest income from SB accounts.
As per my form 16, TDS of Rs.800 is deducted for my income from salary which is almost Rs. 302000.
I declared a deduction eligibility of Rs.115000 to the company which includes Rs.100000 as deduction under 80C and Rs.15000 as perqusite of medical reimbursement.
But as per form 16 my deduction claims are under 80c and 80d (15000).
So my claim under section 17(2) is now under 80d.
I was not eligible for deduction under 80d for that taxation period.
As a result my Income from salary in the return will be Rs.15000 less than the same in form 16 if I file it with my numbers.
Will this difference create any problem in the future.
Or should I pay tax for Rs. 15000 which I claimed as medical reimbursement but now under 80D.
Kindly provide your inputs.