Hello Friends,
While filing TDS return (24Q-Salary), we need to input Amount paid/ Credited. Following is the salary breakup of an employee for december month.
Basic:10000
Allowances: 20000
Professional tax:200
TDS: 4438
Net salary paid:25362.
In amount paid/credited i put the amount of Rs.25362+4438=Rs.29800/- (including TDS).
So in PART A of Form 16 it is generating Rs.29800/- in the column of Amount Paid/Credited.
Is it correct?? Or do i have to put the amount of Rs.25362/- (excluding TDS)
If it is correct or incorrect in what section of income tax act it is mentioned??
Does it make any difference while filing IT Return??
CAclubindia
