Tax details in 26as & form 16-paid by employer

352 views 3 replies

An SBI employee whose Total Tax payable as per Form 16 is Rs.31,950.

Total tax payable is Rs.31,950 out of which Rs.23,230 is deducted from salary and Rs.8720 is paid by employer.
 

However, as per 26AS Tds total is Rs.24,250/- i.e excess by Rs.1020, considereing tds from salary.

Tax paid by employer on behalf of employee is not reflected anywhere in 26AS.

How to deal with the issue in ITR.

Replies (3)

Again ,Total Income chargeable under Salary as per Form 16 is Rs.5,96,980/- and Total income (i,e after deductions under chapter VIA ) is Rs.5,30,110/-.

However,total credit as per 26AS is Rs.5,06,255/- .

Actually, what amount should be reflected as amount paid/credited in 26AS-

1)Total income

2)Amount chargeable as salary income

3)Amount actually paid to employee

Dear Joythis
"Actually, what amount should be reflected as amount paid/credited in 26AS- "
1)Total income
In form 26AS, that portion of salary are shown, on which TDS has been deducted
it might be possible, on salary of first month , tds has not been deducted by employer

2)Amount chargeable as salary income
Income from salary is , total income after deduction under chapter VIA

i.e. Rs. 5,30,110/-(which is actual),however in form 26AS showing less amount.

 

"However, as per 26AS Tds total is Rs.24,250/- i.e excess by Rs.1020, considereing tds from salary."
I think, you should confirm or check the amount of salary which is actually deposited in his account, it may be possible that salary has been deposited in his account after deduction of Rs 1020/-,  because actual amount of salary is your income and excess deduction is refundable to you
or
by mistake, TDS pertains to other person has been deposited in your account

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details