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Form 16 (part a).

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22 May 2013 Hi,

Someone may please see the following :

I have a basic query in Form 16 (Part A) - Amount Paid / Credited.

A friend of mine has got his Form 16.

In Form 16 (Part A) -

Amount Paid / Credited is Rs.36,250/- (This is nothing but salary of March 2013 only without TDS deduction).

Amount of tax deducted Rs.14,916/- (This is after computing salary for the year and after considering applicable deductions)

It seems the DEDUCTOR has chosen to deduct at one go in March 2013.

Query

Actually, the taxable income is Rs.3,44,800/- (Gross Salary Rs.4,69,500/-).

I am unable to understand the logic for Amount Paid / Credited is Rs.36,250/- stated in Form 16 (Part A).

Please confirm the correctness of Form 16 (Part A) with reasons for my understanding.

Ans : .....................

Thanks in advance for replies.

23 May 2013 There are no logics for the mistakes :-). Its clear that some mistake has been made in the form 16. You just need to inform the company to correct this form, and also you can ask them to give certificate from their own software alongwith the certificate downloaded from income tax website. This problem is common in TIn website based certificates.

12 July 2013 The logic is the person who is paying slary for the month of March only has considered the salary of the previous employer and accordingly has calculated the gross tax and from that tax already deducted has been reduced and the balance tax payable on the basis of information available the TDS has been deducted. This is correct. If you feel it is not correct then file your return online and claim the TDS if it is refundable you will get it.


12 July 2013 The logic is the person who is paying slary for the month of March only has considered the salary of the previous employer and accordingly has calculated the gross tax and from that tax already deducted has been reduced and the balance tax payable on the basis of information available the TDS has been deducted. This is correct. If you feel it is not correct then file your return online and claim the TDS if it is refundable you will get it.



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