Salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2016 Salary received from three Organisations under the same management in the same premises as Rs.17,500/-, Rs. 17,500/- and Rs. 15,000/- respectively. Only one Organisation has Profession Tax Registration. So, P.Tax has been deducted from one organisation against Rs. 17,500/-. No P.Tax has been deducted from the other two organisations. No TDS has also been deducted from any Organisation. How the FORM 16 should be filled up and reflected in I.T.Return

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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11 July 2016 You consolidate income from all the firm. You can deduct PT and any other deduction take benefit of chapter VI A arrive net taxable income same can be declared pay applicable tax if net taxable income exceed taxable limit .