Is it legal to have two form 16 simultaneously from 2 employ
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2012
Dear Sir,
Please let me know:
1.Is it legal to have two Form 16 from 2 different employers for the same period simultaneously.
2.How do I compute income tax using 2 form 16's
3.Will the exemption limit remain the same or it will double up?
Kindly throw some light and help me to calculate.
Please let me know:
1.Is it legal to have two Form 16 from 2 different employers for the same period simultaneously.
2.How do I compute income tax using 2 form 16's
3.Will the exemption limit remain the same or it will double up?
Kindly throw some light and help me to calculate.
28 February 2012
A person can earn salary from more than one employer simultaneously. There is no prohibition in law.
The exemption limit will remain same and will be applied to total income. i.e., after adding income from both the employers.
The exemption limit will remain same and will be applied to total income. i.e., after adding income from both the employers.
Guest
Guest
(Expert)
28 February 2012
Exemption limit will remain same even if salary is received from more than 1 employer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Gst Audit dept
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
