TDS on salary

This query is : Resolved

Devendra (Querist)
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17 May 2010 How is TDS on salary deducted? For eg: if Mr. A is earning Rs. 325000 p.a, then how to calculate TDS on the salary?

CMA.Palani Arumugam

CMA.Palani Arumugam (Expert)
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17 May 2010 You have to calculate the tax based on his annual estimated income, after considering his investments for tax benefit.

Then, the calculated tax, is equally distributed in each month.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 May 2010 AGREE WITH EXPERT.
GIVE ME YOUR ID I WILL SEND YOU SOME INFO USEFUL INFO REGARDING ABOVE MATTER.

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Devendra

Devendra (Querist)
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17 May 2010 devendra_dk22@yahoo.com

MAHENDRA KUMAR BAGRECHA

MAHENDRA KUMAR BAGRECHA (Expert)
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18 May 2010 Hi,

Agree with experts

Kishen K Warrier

Kishen K Warrier (Expert)
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18 May 2010 Agree.

He can also submit details of Loss from self occupied house property and also of other income(if any).But for Deductions under chapter VIA only Sec 80C will be considered and no other deduction.