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
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details