Answer

1. F

   Facts

   Yes. Each employer looked only at its own salary, which may have been under the rebate limit. On the total, tax may be payable, and you pay it as self-assessment tax with interest.

2. P

   Provisions and law

   • Sec 192, Income-tax Act 1961 (now Sec 392)Each employer deducts tax from salary at the average rate based on the salary it pays and the details it has.
   • Sec 87A, Income-tax Act 1961 (now Sec 156)Rebate under the new regime applies only if total income for the year does not exceed ₹12 lakh.
   • Sec 234B, Income-tax Act 1961 (now Sec 424)Interest of 1% a month when advance tax paid, including TDS, is less than 90% of the tax assessed.
3. A

   Analysis

   Employer A paid ₹6,50,000 and employer B ₹7,00,000, so each was under ₹12 lakh and deducted nothing. Your total is ₹13,50,000, less ₹75,000 is ₹12,75,000, which is above ₹12 lakh, so the rebate is lost and tax is about ₹71,250 plus cess, subject to marginal relief. Pay it with interest before filing.

4. C

   Conclusion

   1. 1Add both salaries.
   2. 2Check the rebate limit on the total.
   3. 3Compute tax, including any marginal relief.
   4. 4Pay tax and interest as self-assessment tax.
   5. 5File and e-verify.

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