Please guide
This query is : Resolved
12 July 2010
Hi all,
My friend has received two form 16 for the AY 10-11(one from previous employer and another from present employer).
Previous employer form 16 details:
INCOME CHARGEABLE UNDER THE HEAD SALARIES- 149917. 80C DEDN.- 6977. TDS - 1198.
Present employer form 16 details:
INCOME CHARGEABLE UNDER THE HEAD SALARIES- 72425. 80C DEDN.- 4658. TDS - 0.
My calculation is - Total tax liability is Rs.5223 TDS- Rs,1198. Tax to be paid on self assessment Rs.4025/-. Is it right?
My friend has received two form 16 for the AY 10-11(one from previous employer and another from present employer).
Previous employer form 16 details:
INCOME CHARGEABLE UNDER THE HEAD SALARIES- 149917. 80C DEDN.- 6977. TDS - 1198.
Present employer form 16 details:
INCOME CHARGEABLE UNDER THE HEAD SALARIES- 72425. 80C DEDN.- 4658. TDS - 0.
My calculation is - Total tax liability is Rs.5223 TDS- Rs,1198. Tax to be paid on self assessment Rs.4025/-. Is it right?
12 July 2010
Check your 80C Deduction and then determine tax liability and then deduct TDS and the balance is the amount payable as self assessment.......
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
