Assistance required in TDS calculation for the new employee in the middle of FY

[Jitender Sharma]

Dear Sir/Madam,

 

I have two queries first one is Medical allowance is fully taxable or not. If it is taxable how could we adjust employees bill of Rs. 15000/- per year  as per sec 10 of income tax act

and the second one is I need help in the calculating the exact tax for the new employee he didn't gave form 16 of previous employer for current F.Y.; instead he gave Form 26AS for the first quarter. HIS Salary details for Previous employer as per salary slips are :: 

 

Month	Amount	Company            TAX Deducted
Apr	46620.00		Previous Company	Rs. 1,000/-
may	46620.00		Previous Company	Rs. 1,000/-
june	46620.00		Previous Company	Rs. 1,000/-
july	46620.00		Previous Company	NIL

August

23310.00

Previous Company

NIL

 

 

His salary Details is as follow for our company. Joining Date  : 15-08-2013

 

BASIC	31000.00
HRA	15500.00
MEDICAL	1250.00
CONVEYANCE	800.00
TPT ALLOWANCE	1600.00
SPECIAL ALLOWANCE	11850.00
TOTAL	62000.00

 

Please advice regarding the exact amount of tax to be deducted and how it need to be calculated

 

Thanks in advance

AI Summary

Clarification on TDS for New Employees Without Form 16; Use Form 26AS, Medical Allowance and HRA Exemptions A query was raised regarding tax deduction at source (TDS) calculation for a new employee who joined mid-financial year. The employee did not provide Form 16 from the previous employer but submitted Form 26AS for the first quarter. The inquirer sought clarification on the taxability of medical allowances and the method to calculate the exact tax due. The response advised using Form 26AS, noted that medical and transport allowances are exempt to the extent of expenses incurred, and highlighted the applicability of HRA exemptions under section 13A. The responder suggested relying on the employee's provided income details.