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Form 24q clarification

TDS / TCS 624 views 3 replies

Hi All,

I have some doubts in form 24Q

1. What is Total amount of salary?
Column 332, which all values it contains
2. What is Total Deduction under section 16(i), 16(ii),16(iii)?

Thanks in advance

Replies (3)

1. Net Taxable Salary that means Sum of Basic DA etc and after deducting exempted perquisites and Allowance

2. Any deduction made from Salary.... Generally it is Professional Tax (Tax On Employment)

 

Hi Sanket,

In which column I should add Housing Loan Interest and House Rent ?

Regards,

In Columm No. 335


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