income tax

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GIRISH D.P (Querist)
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26 August 2009 During the previous year March 31,2009,Mohan a salaried employee(age 40 years)received Rs 3,00,000as Basic Salary and Rs 20,000as arrears of bonus of the Financial Year 1994-95.During the Previous Year 1994-95,Mohan has received Rs 50,000 as Salary. Mohan deposits Rs 2000(during 1995-94)and Rs 10,000(during 2008-09)in Provident Fund

Pls give me solution regarding this.

THANKS®ARDS.

GIRISH

Navin

Navin (Expert)
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26 August 2009 i guess u have stated it incorrectly as 12% must have been deducted by the company on basic salary so in mohans case 36,000 should be the PF deduction.