form 16/16aa

This query is : Resolved 

24 June 2009 sir,

I have deducted TDS for our staff, I have to give form 16 to our staffs, i have a doubt in form 16, my query is where i have to show incometax exemption limit of Rs.150000/- in form 16. Please guide me in this matter.

B.suresh
9940430919

24 June 2009 You don't need to show that amount. Just calculate the tax considering threshold limit of 1.5 L.

Thats it.

24 June 2009 agree with expert




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