Dear sir,
I m doing job in govt company and my total gross earning during the year 2011-12 is 435723/-. As i appointed in year 2007, so we have given penson scheme(Defined contributory Pension Sch.) in which 50% share by me and 50% is company share(in a given financial yr 2011-12 i deposited 41216/- and company is also deposited same amount in pension account). As i told u that my total gross income as per pay slip is 435723/- and i have to pay income tax on the above amount but my RAO(regional a/c officer) gave me form 17 in that form my gross income shows is 476939/-, it means the amt added by company in pension scheme is also included in my gross income. It means that i have to pay income tax on the amount which i do not got. plz advice me i have to pay income tax on 435723/- or 476939/-. plz give legal advice