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Re: Form-24Q Monthly Taxable Income showing as "1" and TDS "0"

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Dear Venkat,

 

 

I have checked PC_Payresult for the Emp whose Monthly taxable income showing as " 1 ". It is observed that for the Emps whose payroll gone for retro showing as " 1 " in Form 24Q under the /4MI Monthly Taxable Income. In that month Emp paid the Tax. But Taxable Amt/Credited ( /4MI ) is showing as " 1 ".

 

Would like to know how the feature 40MWT works .

There is a constant INMWT in T511K.

 

How these two can solve the problem. Request you all please guide Me.

 

 

Thanks & Regards,

Mastan Shaik.


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