Preparation of form 16

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siva (Querist)
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09 March 2012 While preparing form 16, whether gross amount of salary to be used under the head of income from and salary and then deductions to be claimed under 80c, or net salary to be taken as income from salary and no deductions to be shown.

kindly assist me for the above query

CA. AVINASH MANDOWARA

CA. AVINASH MANDOWARA (Expert)
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09 March 2012 If deduction for Transportation Allowance, HRA and any other allowance which is exempt Us/. 10 not given in Form 16.
BUT while filling your ITR you also taken gross salary as total income and claim deduction as above & 80 C also.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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10 March 2012 You have to show the gross amount of salary. Deductions are to be shown separately.

Ugra Sen Singh

Ugra Sen Singh (Expert)
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10 March 2012 You Have to show Gross amt provide your maail ID i send you accurate format in Word Format

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