Divya Priya (student) (333 Points)
23 July 2019
Kunal Mittal
(FINANCE OFFICER)
(580 Points)
Replied 23 July 2019
Divya Priya
(student)
(333 Points)
Replied 23 July 2019
siddhesh
(si)
(198 Points)
Replied 23 July 2019
Dear Divyya,
You must be considered the income from from salary arises from both the companies.
if such companies do not deduct TDS and after considering the income if your income exceed basic exemption limit you required to filed return and paid the tax if any arises from them.
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 24 July 2019
@ Divya Priya: Afer Adding Both Companies salary, you can consider standard deduction of Rs. 40,000/- (as singly) & HRA exemption (Both Company) you can also consider PF Deduction Amount (Employee Share) under 80 C then after rest amount will be taxable.
thaonhipili123
(Develop)
(22 Points)
Replied 24 July 2019
But how do salaries arise from these two companies. And what about the rate of personal income tax?
CAclubindia
