Form 16

This query is : Resolved

jay prakash dubey (Querist)
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04 August 2013 >A company pay gross salary 476411 p.a. and its break-up is as follow u/s 10
conveyance= 8707
medical= 13604
hra(exempted)= 121815

but in form 16 shows
>gross salary u/s 17(1)= 454100 (i.e. after adjusting conv+medical rs 22311).
>and now less exempted hra rs 121815.

is this form 16 is to be revised by employer or not because of presentation of form 16 is not correct.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 August 2013 Salary as per sec.17(1)need to show as Salary in form 17(1) included all the salary and allowance only. so they can show the gross salary. exempted allowances are need to show under allowance exempted u/s.10