The computation of tax on salary would be calculated takling into consideration salary income from both the employers. Further, the deduction shall be allowed only once allowable under the law. eg. Ded. u/s 80C shall be limited to Rs.100000/-.
So as per present case, Salary = 227304 Less ed. = 25192 Net = 202112 Less: PF = 5698 T. Income= 196414
Tax on T.Income = 13282 Less: TDS 3569 Net Tax payable 9713
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