Pls reply,,
I have worked Apr'11-Nov'11 in (I) company & from Dec'11-Mar'12 in (M) company, both of them issued me separate Form 16, but the calculation is not clear to me, Pls see below:
Company Name - I M
G Income 197930 95210
Deduction U/S 80C 8237 26339 (Documemnts submitted by me like LIC, PF,Rent Receipt etc)
Total Income as per Form 16 - 189693 68870
Total Year Income (I+M) - 258563
Tax Payable - 8092
Already Deducted as per Form 16 6618 ( Deducted Rs.1000/- in company I & Rs. 5618/- in Company M)
To be paid 1474
1) Is this caculation right ?
2) I have to pay Rs. 1474/- ?
3) If yes where to pay
4) Shall I filed IT Returns before paying the due tax ?
or Before filed it is mandatory to pay due tax.
Pls reply
CAclubindia
