12 January 2009
Dear Sir, I had one query regarding quarterly statements to be submitted.In form no 24Q , Annexure I , taxable amount on which tax deducted . Ref .Col No 318 ( 17) . In this Column which amount to be entered as Gross Salary( Including all allowances) or Net Salary ( After deducting PF, PTAX,Other deductions etc).
12 January 2009
It is Gross Salary on which tax is credited (inclusive of PF, PTax, other deductions), Because you have already considered the above in employee's annual salary before deducting tax.
CAclubindia
