TAX CALCULATION

B. Umapathy (student) (405 Points)

12 July 2010  

Hi all,
My friend has received two form 16 for the AY 10-11(one from previous employer and another from present employer).
Previous employer form 16 details:
INCOME CHARGEABLE UNDER THE HEAD SALARIES- 149917. 80C DEDN.- 6977. TDS - 1198.
Present employer form 16 details:
INCOME CHARGEABLE UNDER THE HEAD SALARIES- 72425. 80C DEDN.- 4658. TDS - 0.
My calculation is - Total tax liability is Rs.5223 TDS- Rs,1198. Tax to be paid on self assessment Rs.4025/-. Is it right?