[aaykarbhavan] Form 16 (Part A).

Hi,

I have a basic query in Form 16 (Part A) - Amount Paid / Credited.

A friend of mine has got his Form 16.

In Form 16 (Part A) -

Amount Paid / Credited is Rs.36,250/- (This is nothing but salary of March 2013 only without TDS deduction).

Amount of tax deducted Rs.14,916/- (This is after computing salary for the year and after considering applicable deductions)

It seems the DEDUCTOR has chosen to deduct at one go in March 2013.

Query

Actually, the taxable income is Rs.3,44,800/- (Gross Salary Rs.4,69,500/-).

I am unable to understand the logic for Amount Paid / Credited is Rs.36,250/- stated in Form 16 (Part A).

Please confirm the correctness of Form 16 (Part A) with reasons for my understanding.

Ans : .....................

Thanks in advance for replies.



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