Skip to Content
0
Apr 21, 2009 at 09:32 AM

Form 16: Medical Exemption calculating only half amount

22 Views

Hi Friends,

Im having a problem in the form 16.It is not taking 15000 medical exm but only taking half the amt ie 7500.

Ex:

Basic 18,950 18,950*12 = 2,27,400

HRA 7,50 7,50*12 = 9,000

Con 8,00 8,00*12 = 9,600

Bonus 9,800 9,800

Medical 15,000 15,000

Total is 2,70,800

But while calculating Income Tax system is considering Gross Income is 2,63,379 only therefore all Tax Calculation goes Wrong.

Please help on how to solve this issue