Company did not deduct tds

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.

Replies (4)
No.He suppossed to pay the balance tax.As the both employers might have considered maximum exemption 200000+200000=400000.If you combine income from both employers you will get only 200000/- exemption.
If you want to reduce the tax you may check the followin 1.Medical Allowance-15000,Coveyance allowance-9600 exemption (if allowance given by employer and incurred by employee) 2.Go through HRA calculations if applicable. 3.Housing loan interest and pricipal

Thanks for replying Mr. Reddy.

Can he claim medical reimbursement of 15,000/- which is deductible even if it is not mentioned in form 16?

Yes , he can claim if supporting evidence available even not considered in form16.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details