And how to submit ETDS returns
2007-04-18 22:09:06 · 2 answers · asked by Madhu Tirumala 1 in Business & Finance ➔ Taxes ➔ India
its not possible to type each and every step here. Contact any CA and sit with him/her and then understand every point.
2007-04-18 22:43:42 · answer #1 · answered by Anonymous · 0⤊ 1⤋
This is not the correct forum to explain tax matters in detail. It requires lots of time. You will understand this better if you could sit with a person from "establishment section" / "HR section" on a company or firm. If you know somebody from banking industry ( who has worked in salary section/ personnel section), the person will be perfect to explain you tax matters and Form 16. You can also ask a CA who is known to you.
In short, Form 16 is a document which shows in detail total salaries earned under all heads/classifications, tax-deductible investments made by the salary earner and the total computation of income tax to be paid by the salary earner.
2007-04-19 05:27:49 · answer #2 · answered by Nitin G 7 · 1⤊ 0⤋