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Schedule S – Detail of Income from Salary AY 2026-27

‘Schedule S’ in the Income Tax Return (ITR) form captures details of income earned under the head “Salaries.” It applies to taxpayers deriving income from employment, whether as full-time or part-time employees.

This schedule requires detailed information about the employer, including their name, Tax Deduction Account Number (TAN), Nature of employment and address. However, these details are not required in case ITR-1 or ITR-4 is filed.

The schedule also provides a structured format for reporting various salary components, such as gross salary, allowances (like HRA or transport allowance), perquisites (like rent-free accommodation or car benefits), and any profits in lieu of salary, including gratuity or leave encashment.

Taxpayers can also claim deductions of eligible expenses under Section 16, such as the standard deduction, entertainment allowance, and professional tax.

• Section 15 , Section 16 , Section 17 of Income-tax Act, 1961

• Rule 3 , Rule 3A , Rule 3B of the Income-tax Rules, 1962

‘Salary’ is the first head of income. The income taxable under this head shall be calculated on due basis or on receipt basis, whichever occurs earlier. Taxable salary shall include taxable allowances, perquisites, retirement benefits and profit in lieu of salary. Certain deductions are also allowed from salary income.

This schedule applies to ITR-1 to ITR-4