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
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details