Salary in arrears
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2011
Hi,
I have recd. my salary arrears of last year in the current year and Form 16 shows the total Gross Salary .
However, I notice that the Travelling allowance exempted has been deducted upto Rs. 16000 (9600+6400) & the Profession Tax deducted is Rs. 3580 (2500+1080).
I would like to know that if I can take the deductions as shown in Form 16 or I will have to add the excesss amt. deducted (TA-6400 + PT-1080)to the Gross salary and after that need to calculate tax.
Please advice.
I have recd. my salary arrears of last year in the current year and Form 16 shows the total Gross Salary .
However, I notice that the Travelling allowance exempted has been deducted upto Rs. 16000 (9600+6400) & the Profession Tax deducted is Rs. 3580 (2500+1080).
I would like to know that if I can take the deductions as shown in Form 16 or I will have to add the excesss amt. deducted (TA-6400 + PT-1080)to the Gross salary and after that need to calculate tax.
Please advice.
28 September 2011
For calulating tax liability salary as reduced by the exemptions is considered.
So you can show the deductions as per Form 16.
So you can show the deductions as per Form 16.
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