Salary
Understanding Salary Components and Allowances
Your salary is more than just the monthly amount credited to your account—it's made up of various components and allowances. Understanding these elements is essential for better financial planning and optimizing your tax savings. Here’s a breakdown ...
Unable to read Form 16
If you're encountering the "unable to read Form 16" error while trying to add your salary, there are a few common reasons for this issue and probable solutions for it. Why Form 16 may not be imported: The PAN mentioned in Form 16 does not match the ...
Add Salary using Form 16
Form 16 is issued by employers to their employees and serves as a summary of the salary paid and Tax Deducted at Source (TDS) during the financial year. It is a crucial document for filing your income tax return. Form 16 is divided into two parts: ...
Add Salary Income
For most taxpayers in India, salary is the primary source of income. It comprises various components such as basic pay, allowances, bonuses, and more—all of which need to be accurately reported while filing your tax return. Understanding these ...
How is Standard Deduction calculated on Quicko?
The standard deduction is a flat deduction from your taxable salary that provides tax relief to all salaried individuals. It was introduced to simplify tax compliance by replacing smaller allowances like medical reimbursement and transport allowance, ...
Fix Pending Actions for TDS on Salary
Pending actions indicate the necessity to review incorrect or incomplete information in your ITR throughout the product. Addressing these issues ensures complete and accurate reporting in your ITR, reducing the chances of receiving a tax notice. ...
Claim House Rent Allowance
People often move to new cities for work, which naturally increases their living expenses — one of the biggest being house rent. To help with these costs, employers include House Rent Allowance (HRA) as part of your salary. While the HRA received is ...
Autofill Salary Income from ITD
You can auto-fill your salary from the Income Tax Department if your employer has deducted TDS and generated a Form 16. Details such as salary breakdown, including deductions, exemptions, and allowances will be imported. Even if TDS doesn’t apply to ...
Add Salary Income without Form 16
Web Mobile Web Steps to add salary income using pay slips: Navigate to File > Incomes > Salary Choose the Add Manually option and proceed Add your employer’s name, category, and address Enter your salary breakdown, including gross salary, allowances, ...
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Upload Files
Uploading files before your booking helps your pro prepare better and saves time during the session. Things to Keep in Mind Document Checklist: Some bookings will have a checklist under the Files tab. These are documents you’re expected to upload ...
How to E-Verify after 30 days?
E-verification of ITR is to be done within 30 days of filing an ITR. Missing this deadline can make your ITR invalid. However, if you missed e-verifying due to a genuine reason, the ITD allows you to submit a request for condonation to complete the ...
Pay Advance Tax
If your total tax liability for a financial year is ₹10,000 or more, you must pay advance tax in instalments. Paying it on time helps you avoid penalties and interest charges. Paying Advance Tax Web Mobile Web Paying Advance Tax Navigate to the Pay ...
Understanding Tax Computation Report
A tax computation report is a summary of your tax return. It is divided into four main sections: Personal details - Name, PAN, email, etc. Income tax return details - Return type, regime, filing date, acknowledgment number. Tax computation summary - ...
Bug Bounty Program
We’re committed to protecting our community. If you are a security researcher or expert and believe you’ve identified security-related issues with Quicko's website, mobiel apps or APIs, we would appreciate you disclosing it to us responsibly. Our ...