2 FORM 16 OF DIFFERENT COMPANIES

Last post 06-26-2012 11:22 AM by rahulbit.shrivastava@gmail.com. 1 replies.
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  • 06-14-2012 7:27 AM

    2 FORM 16 OF DIFFERENT COMPANIES

    In FY 11-12 i HAVE WORKED FOR 2 COMPANIES SO I HAVE 2 FORM 16. TELL ME HOW TO FILE ITR IN INVESTMENT YOGI?
    • Post Points: 20
  • 06-26-2012 11:22 AM In reply to

    Re: 2 FORM 16 OF DIFFERENT COMPANIES

    Contrary to common intuition, filing returns in case of more than two employers is not a complicated process at all. All you need to do whiel filing returns is to sum up all your earnings as mentioned in both the forms. Similarly for deductions, the net will be the sum under various heads. For example, the total Income chargeable under the head 'salaries' will be the sum of heading-6 of Part B of both of your From 16. Similarly, calculate the deductions (usually heading 10). Then, for TDS, fill up the corresponding tax-deductions by both the companies, usually summerized in Part-A of Form-16.
    • Post Points: 5
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