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Re: How system will calculates the /4ME & /4MH ?

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Hi,

 

By checking your oct'15 payroll INTAX output:

 

/4MT = 43,339.69

/4ME= 354.54

/4MH=177.27

 

Adding all above 3 WT's, we get:

 

/460=43,871.50.

 

Which is ok, as for the tax calculation is concerned.

 

But, 24Q shows 43,219.79 + 528.21 = 43,748, which is correct.


But 43,748 is not appearing in your INTAX output. There is a difference of Rs.123.50.

 

Please confirm whether 24Q belongs to the same employee of INTAX output what you had shown.

 

Please take one employee's 3 months tax (INTAX output) and compare it with 24Q's 3 quarters data.

Is this for one employee or many employees?

 

regards,

Bala.


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