Tds query

Nirav (Accountant) (595 Points)

06 August 2013  

Hello Friends,

While filing TDS return (24Q-Salary), we need to input Amount paid/ Credited. Following is the salary breakup of an employee for december month.

Basic:10000

Allowances: 20000

Professional tax:200

TDS: 4438

Net salary paid:25362.

In amount paid/credited i put the amount of Rs.25362+4438=Rs.29800/- (including TDS). So in PART A of Form 16 it is generating Rs.29800/-. 

Is it correct?? Or do i have to put the amount of Rs.25362/- (excluding TDS)

If it is correct or incorrect in what section of income tax act it is mentioned??