Amount paid or credit in 24 q & 26 q

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 January 2016 26 Q = amount paid or credited ( Whether excluding service tax amount )
24 Q= amount paid or credited ( after deduction Chapter VI Amount , I.e Taxable amount for salaried person)

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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24 January 2016 TDS 26Q tds to be deducted on net amount excluding ST.
24Q amount paid or credited need not be equal to taxable amount. As allowances or deduction is part of salary for computation for arriving tax liability we have deducted. But it is not equal to taxable amount.