In one year two place JOb
This query is : Resolved
Querist : Anonymous
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.
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.
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.
ILE TOTAL DEDUCTION U/S 80 WILL BE 100000 ON TOTAL GROSS SALARY OF BOTH COMPANIES.
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
deduction -2,10,000
H prop. -80,000
Chapter iv -1,00,000
net 8,10,000
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