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.