In India, most taxpayers have a salary as their primary source of income. Salary includes various components like basic pay, allowances, and bonuses, which must be considered while reporting. Understanding how to report this income is essential, whether for financial planning or tax filing. This article is a detailed guide on salary components and allowances. Keep reading to learn about different methods for adding salary income on Quicko.
Here's how you can add Salary income on Quicko
1. Autofill from ITD
- Navigate to File > Incomes > Salary
- Choose Autofill your salary from ITD and click on Proceed
- Connect to the ITD app using your credentials or Aadhaar OTP
- Details like employer name, address, salary breakdown, and TDS will be imported.
2. Upload Form 16
- Navigate to File > Incomes > Salary
- Choose Upload Form 16 and click on Proceed
- Upload your Form 16 Part A and B
- You can then verify the fetched details and continue
In case your Form 16 is password protected, you would get a prompt to enter your password. 3. Add Manually
- Navigate to File > Incomes > Salary
- Choose Add Manually and click on Proceed
- Add the employer's name, address, and category
- Enter the salary breakdown and TDS details (if TDS is deducted)
If you still have any further queries, you can raise a ticket to get in touch with us.