(Q1.)From which Financial Year Online Correction-Add/Delete Salary Details-Annexure-II functionality is available?
- "Online Correction-Add/Delete Salary Details-Annexure-II" functionality is available from Financial Year 2013-14 onwards.
(Q2.)Is Digital Signature Certificate is mandatory for "Online Correction-Add/Delete Salary Details-Annexure-II"?
- Yes, Digital Signature Certificate is mandatory. It should be registered on TRACES before making this correction.
(Q3.)Can salary details be edited through "Add/Delete Salary Details" option?
- No, In case the deductor wants to change the salary details, deductor has to delete the entire row which he wants to modify and add new deductee row with updated details.
(Q4.)What we need to mention in absence of valid PAN for newly added deductee row?
- In the absence of valid PAN for newly added deductee row, kindly mention "PANNOTAVBL".
(Q5.)Can we update salary details in Annexure 1 & Annexure2 through "Add/Delete Salary details"?
- No, "Add/Delete Salary details" Option is only for updation in Annexure-2, if deductor wants to change/update details in Annexure-1 than deductor have to do correction by "Add/modify deductee details". option.
(Q6.)What deductee type need to select while doing Online Correction - Add/Delete Salary Details-Annexure-II?
- Select "S" for resident individual who is in the age bracket of 60-80 years, "O" for who is in the age bracket of 80 years or more and "G" for others while doing Online Correction - Add/Delete Salary Details-Annexure-II.
(Q7.)What is the new column added under Annexure II (Salary details) for Form 24Q-Q4, Incase of F.Y 20-21? - New column "Whether opting for taxation u/s 115BAC [Yes/No]" is added under Annexure II (Salary details) for Form 24Q-Q4.
- If user selects 'Yes', below mentioned deductions will not be allowed under Annexure II -
- Deductions under section 16.
- Deductions under Chapter VI-A (except for deduction under 80CCD(2).
- Travel concession or assistance [section 10(5)]
- House Rent Allowance [Section 10(13A)].
- Values in newly added field will be allowed only when financial year of statement is 2020-21 and Quarter 4 onwards is selected. For rest all prior F.Ys and quarters, this field is not applicable.
(Q8.)What are newly introduced columns from F.Y 2018-19 in Online Correction-Add/Delete Salary Details-Annexure-II ?
- "Newly introduced columns from F.Y 2018-19 n Online Correction-Add/Delete Salary Details-Annexure-II " are:
Column No. 6: Gross Salary as per provisions contained in sec.17(1)*
Column No. 7: Value of perquisites [section 17(2)] (as per Form No.12BA, wherever applicable)
Column No. 8: Profits in lieu of salary [section 17(3)] (as per Form No.12BA, wherever applicable)
Column No. 12: Travel concession or assistance [section 10(5)]
Column No. 13: Death-cum-retirement gratuity [section 10(10)]
Column No. 14: Commuted value of pension [section 10(10A)]
Column No. 15: Cash equivalent of leave salary encashment [section 10(10AA)]
Column No. 16: House rent allowance [section 10(13A)]
Column No. 17: Amount of any other exemption under section 10
Column No. 18: Total amount of exemption claimed under section 10
Column No. 22: Total of Deduction U/S 16
Column No. 25: Income under the head other sources offered for TDS [section 192 (2B)]
Column No. 30: Deduction in respect of amount paid/deposited under notified pension scheme [section 80CCD(1B)]( Deductible Amount up to Rs. 50000)
Column No. 31: Deduction in respect of contribution by employer to notified pension scheme [section 80CCCD(2)]
Column No. 32: Deduction in respect of health insurance premier (section 80D)
Column No. 33: Deduction in respect of interest on loan taken for higher education (section 80E)
Column No. 34: Total deduction in respect of donations to certain funds, charitable institutions, etc. (section 80G)
Column No. 35: Deduction in respect of interest on deposits in savings account (section 80TTA)
Column No. 44: Total Tax Payable (Q9.)What if error is showing while filing online correction as PAN of Authorized / Responsible person as per Personal Information of the correction and as per TRACES Profile should be same. Please update PAN of authorized/ Responsible Person in the correction file?
- This error occurs if the PAN of authorized person in profile section of the TRACES is different than the PAN mentioned in the Personal Information of the Statement. Deductor need to update the PAN in the Personal Information same as mentioned in the profile section or vice versa.
