Treatment of Profit getting on PLS A/C

[student_of_law]

The amount transferred to Sr.24 of Annexure B will also include surcharge deducted ,if any.

For example a person has only one income subject to final taxation i.e. profit on debt paid in June amounting to Rs.100
Bank will deduct tax (including surcharge) on it amounting to Rs. 10 + 15% of Rs.10 = Rs.11.5

At serial No. 53 of page 2 of return we will calculate tax chargeable @ 10% i.e. Rs.10.
While when we transfer this figure to serial 24 of Annexure B, we will write amount deducted, i.e. 10 + 1.5(surcharge) = 11.5
On the other hand amount transferred to serial 40 of page 1 will be Rs. 10.