Pl tell me the tax liability

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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 

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