Pl tell me the tax liability

Form-16 shows that Income under the head of Salaries  of the employee (other than from perquisites) : Rs. 490356 for financial year 2013-14  and the amount includes previous employer's income of Rs. 338,776 for the period from 01-Apr-2013 to 17-Dec-2013 on the basis of salary certificate/ declaration submitted by the employee.

TDS by previous employer is Rs.11200 and tax deducted by new employer is Rs. 8051.

total deduction under sec.80C is Rs. 100,000.

what will be the tax liability??

Thanks

Replies (1)
In your case Your taxable income will be as follows:  
Total Salary received from both employers   490356
Less : Deduction for PPF paid   100000
  Net Taxable Income   390356
  Tax thereon 19035.6  
  Less : Deduction u/s. 80 TTA 2000  
    17035.6  
  Secondary & Higher Sec. cess @ 3% 511  
  Total Tax payable 17546.6  
       

Thanks 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Follow