Plz answer 2 form 16 calculation

john (LEARNER) (549 Points)

01 July 2011

Below are the particulars of 2 form 16 from two different companies for A.Y.2011-12

Form -16	ABC	XYZ
Period	1Apr10 to 30 Sep10	1Oct to 31Mar11

Gross Salary	428960	630400
Less: Allowance Exempt u/s 10
Conveyance	4800	5600
HRA	89740	107740

Balance	334420	517060

Less: Tax on Employment	1300	1300

Income under head Salary	333120	515760

Less: Loss from house property (sohp)	60000	150000

Less Deductions under Chap VI A	100000	100000

Total Income	173120	265760

Tax on Total Income	1322	10576
Edu Cess	40	317
	1362	10893

Less TDS	18740	10893
Tax Payable / Refund	-17378	0

Tax computation statment prepared considering the above case, plz correct necessary changes required

such as can we claim exemptions allowed in both the form-16. plz if possible support your answer with sections.

Tax Computation Statement
Gross Salary	1059360
Less: Allowance Exempt u/s 10
Conveyance	9600
HRA	197480

Balance	852280

Less: Tax on Employment	2600

Income under head Salary	849680

Less: Loss from house property (sohp)	150000

Less Deductions under Chap VI A	100000

Total Income	599680

Tax on Total Income	53936
Edu Cess	1618
	55554

Less TDS	29633
Tax Payable	25921