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Form 16A

This query is : Resolved 
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(Querist)
13 July 2011 Here is an assessee X. He worked in a company for three quarters & in the last quarter he worked in another company. Now while deducting his tax, both the companies provided the assessee with the exemption limits of rs. 1,60,000 and rs. 1,00,000 deduction u/s 80C.

Now please tell me what should be done and what should not be done.?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 July 2011 Assessee need to consolidated the both company salary income and allow the deductions and exemption in one time and re calculate the tax and pay the self assessment tax
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