ITR-1 Urgent pl

This query is : Resolved

sangita (Querist)
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11 July 2008

For PY 07-08 for the first half , my client was employed with XYZ company and came in the 10% bracket.

However in the 2nd half,my client was employed with another company and came in 20% bracket.

But when I add the gross incomes,my client came in the 30% bracket and was liable to pay sm amt.....
is it correct????

So how will the computation of income be ?

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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11 July 2008 Income is to be computed by taking into account salaries from both the employers. The income may fall in the slab of 30 percent. Your client should have disclosed to the second employer the amount of salary income earned from the first employer then such an anomaly would not have existed

Sambu Suresh

Sambu Suresh (Expert)
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11 July 2008 Yes Mr. Ahuja you are right in saying that the assessse is liable to pay tax on his total income earned during a year. It is not a matter whether he / she worked with more than one employer in a year. even those employers have not deducted the tax , what he is liable to pay. still he is libale to pay the tax.