Multiple Form 16s

This query is : Resolved

Kanchan (Querist)
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27 July 2009 Respected team,

Could someone help me in how multiple form 16's for an year be used to see if additional tax needs to be paid or not.

Appreciate if you can send me or lead me to a tool which can do this.

Maninder Jain

Maninder Jain (Expert)
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28 July 2009 Hi Kanchan,

First you add all incomes mentioned on form 16s. Just compute tax as per the assessee catagaro slab. From the tax so arrived, deduct the sum of all TDS deducted. If further there is any Tax liability, you have to pay. In otherwise case, you may claim refund