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form 16/16aa

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(Querist)
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
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chetan soni

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

Thats it.
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CA.Nikhil Gupta

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CA.Nikhil Gupta (Expert)
24 June 2009 agree with expert
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