Tds calculation on ctc based salary

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shokeen (Querist)
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19 August 2014 Dear Experts

Please suggest me,I'm working as a accountant and how i calculate TDS on salary if salary is CTC based. How calculate Basic salary, HRA and any other allowance from CTC salary.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2014 there should be a salary break up

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CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2014 there should be a salary break up

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2014 ask the salary break up from management,

if there is no salary break up, then break up the salary so as to minimize the tax of employee.

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shokeen

shokeen (Querist)
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19 August 2014 Thanks Mr. Dulal,

How i breakup of CTC salary, i mean any formula or ratio.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2014 ask the salary break up from management,

if there is no salary break up, then break up the salary so as to minimize the tax of employee.

shokeen

shokeen (Querist)
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19 August 2014 in our firm no salary break up available.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2014 so consult with the employees and make break up to reduce the tax liability of employees.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2014 there are certain allowance which are exempted (like HRA, Transport ect), you may show the amount as allowance to reduce tax liability.

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2014 there are certain allowance which are exempted (like HRA, Transport ect), you may show the amount as allowance to reduce tax liability.