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.......
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