Other Income

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How to Enter Other Income Information?

Please click on the "Other Income" tab, which facilitates you to submit declarations under Incomes from other sources, capital gains and business.

Please click on the icon for help. You can enter the total amount (in Rs) for the year. The amount can have a maximum of two decimal places.

Income from other sources

If you have other income, please go to the income field under "Income from Other Sources," in which you can enter the total amount of other income for the year. The amount can have a maximum of two decimal places.

Income from capital gains

If you have other income from capital gains, please go to the table under "Income from capital gains," in which you can enter the total amount of other income from capital gains. The amount can have a maximum of two decimal places.

You can enter the value of both long terms and short term capital gains for the year from sale of equity and other investments in the respective fields.

Equity

Long term gains: Please enter the amount with a maximum of two decimal points.

Short term gains: Please enter the total amount with a maximum of two decimal points.

Other Investments

Long term gains: Please enter the amounts under "With indexation benefits" and/or "Without indexation benefits." Please note that for a single asset you should enter either the capital gain value either with indexation benefit or without indexation benefit. If you enter values in both fields it would be presumed that you have capital gains from more than one property and that for some properties you have entered capital gains with indexation benefit and for some other properties you have entered the amount without indexation benefit.

Short term gains: Please enter the total amount with a maximum of two decimal points.

Income from business

If you have income from business, please go to the income field under "Income from business," in which you can enter the total amount of other income from business for the year. The amount can have a maximum of two decimal places.

NOTE:

For any further information regarding deduction in respect of income from other sources (income from capital gains, equity, other investments, and business,) please refer to http://law.incometaxindia.gov.in (You can refer Section 111A, for Tax on short-term capital gains in certain cases and Section 112 for Tax on long-term capital gains.)

How is Other Income Considered for Tax Calculation?

Whatever you declare as "Other Income" will be added to our salary for the calculation of income tax. Please note that if there is any tax deducted at source (TDS) on your other income, the TDS amount cannot be entered in Tanqaa.

Proof Submission for Other Income

You need not submit any proof for your other income.