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In one year two place JOb

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2010 I want to know that one employee done job in one year for two employer then he can take exemption and deduction from both party..

Example 1.Comapny(april2009 to jan2010)
Salary ..............................1000000
Less: Gratuity,HRA,Leave E,LTA etc ..200000
Add:Income from H Property...........-80000
Less:Deduction Chapter VI-A maxim.....100000

TotaLIncome.........................620000

2nd Company(Jan 2010 to 31march2010)
Salary ..............................200000
Less: ,HRA,,Convence etc.. . 10000
Add:Income from H Property...........-80000
Less:Deduction Chapter VI-Amaxim.....100000
Total Income................................10000

Pls sugess me.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
29 July 2010 hE HAS TO COMBINE TOTAL GROSS SALALRY AND TAKE EXEMPTION AND DEDUCTION IN TOTALLY ONCE.

ILE TOTAL DEDUCTION U/S 80 WILL BE 100000 ON TOTAL GROSS SALARY OF BOTH COMPANIES.
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
29 July 2010 total income 12,00,000
deduction -2,10,000
H prop. -80,000
Chapter iv -1,00,000

net 8,10,000
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