Easy Office

Tds on salary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 January 2017 A company is paying salary to an employee as 36000 rs. fix and 4000 rs. as an incentive total of which is 40000 rs.
Will company deduct TDS on basis of 40000 rs. or 36000 rs.??
Profile Image

CA Suresh Jain

Profile Image

CA Suresh Jain (Expert)
09 January 2017 Incentives are not a fixed amount, as and when you pay the incentive, you have to revise the calculation for deduction of TDS.
Profile Image

Sunny

Profile Image

Sunny (Querist)
09 January 2017 So do the company deduct TDS on Incentive also or they just deduct it on Salary except Incentives??



Profile Image

CA Suresh Jain

Profile Image

CA Suresh Jain (Expert)
09 January 2017 Incentive is a part of salary and therefore has to be included in salary

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links