An assessee worked in two companies in one FY 2013-14.
From one company, he received an income of Rs. 250,000/-, and TDS was deducted at Rs. 1,030/-
From the second company, he received an income of Rs. 450,000/-, and TDS was deducted at Rs. 20,600/- .
The second company did not take the income from the previous company into account and deducted less TDS, due to which, the assessee now is required to pay nearly Rs. 30,000/-.
He has Rs. 50,000/- invested u/s 80C.
Is there any other way to reduce his tax liability?
Thanks.
CAclubindia
