Tds calculation and efiling with 2 form 16's

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Hi all,

I have 2 form 16's for yr 2011-12.

Form 16 (1) ==> Tax Deducted -- 6094 and Tax Payable -- 3064 (Taxable income = 209530)

Form 16(2) ==> Tax Deducted -- 0 and Tax Payable -- 3921 (Taxable income = 67710)

As stated above, First company i worked with has deducted more than needed and the second company haven't deducted any.

By doing the math (hopefully correct one) , i have to pay 3921 rs/- tax.(total tax was 10015/-)

My doubt is how to fill the e-filing sheet...???

Is it that i have to pay Rs.6000+ and claim for the 3000/- from the IT department....OR

I have to pay 3921/- and submit the same in the e-filing??

Please help me out!!!

Thankyou in anticipation.....

/Pavan

Replies (6)

Download ITR and then fil it & get registered with IT Department and dn file return.

i dnt knw how u have calculated tax payable. if possible send me your correct data so i can help u out.

thx

Pay Rs 3921/-

Mention the salary details of 2 Form 16

Submit the same in efiling

 

Originally posted by : Prakshal M. Shah

Download ITR and then fil it & get registered with IT Department and dn file return.

i dnt knw how u have calculated tax payable. if possible send me your correct data so i can help u out.

thx

 

Form 16 (1) ==> Tax Deducted -- 6094 and Tax Payable -- 3064 (Taxable income = 209530)

Form 16(2) ==> Tax Deducted -- 0 and Tax Payable -- 3921 (Taxable income = 67710)

1st company + 2nd company Taxable income = 209530 + 67710 = 277240

2777240 - 180000 = 97230 => 10% TDS + 3% Edu.cess => 10015 => 1st company paid => 6094 remaining 3921...

yes u r required to pay balance tax i.e. Rs. 3921/-.

Thanks for the response.....

One more doubt....

While filling the Table23.(Details of tax deducted at source from salary),

shall I fill 0 in the Column "Total tax deducted" for the 2nd company as they haven't deducted anything from my salary?

 

Thanks.

Pavan

 

Yes, provide details of both the companies.

& since the 2nd company has not deducted tds, show it as "0"

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