TAX CALCULATION

Dear Mr. Umapathy,

Kindly note the following :

1. The PT paid has to be deducted and the Income from salaries to be shown after that for tax calculation purpose.

2. Interest u/s 234 B and C to be taken care and paid .

No

yes u r calculation is correct

total salary income...222342 less 80 c deduction 11635 = taxable 210710 rounded off

tax incl education cess is 5223 less TDS 1198 = PAYABLE 4025 /

SECTION 234 B & C WILL COME IN FORCE ONLY IF LIABILITY TO PAY TAX AFTER DEDUCTING TDS EXCEEDS RS 10000. NOT REQ IN U R CASE. ONLY CONSIDERED 234 A

Gross Taxable Income = 222342

Less Ded u/s 80C         = 11635

Net Taxable Income      = 210707

R/o to nearest 10 = 210710

Tax Payable = 10% on 50,710 = 5071 + 3% (152.13) = 5223.00

less TDS = 1198

Tax Payable = 4025.

ITR - 1 is required

Regards

As per the provisions the employee needs to declare the income of one employer with the other. So there wont be any issue of two tds certificates. Now in your case what you have done is correct. Please add interest u/s 234a,b and c. ok