Calculation of it 2014-15
This query is : Resolved
31 May 2014
For the F.Y 2014-15 CTC is 17Lacs. The company has splitted CTC into variable components for 3Lacs which is inbuilt.
I have submitted by Investment declaration to the company. Accordingly they have calculated my monthly tax payable.
The interesting point is that they have taken CTC 17Lacs for calculation but i will be receiving variable component pay every quarter.
What should I do ????
Can u please brief me in detail...
Thank U
Vinod
I have submitted by Investment declaration to the company. Accordingly they have calculated my monthly tax payable.
The interesting point is that they have taken CTC 17Lacs for calculation but i will be receiving variable component pay every quarter.
What should I do ????
Can u please brief me in detail...
Thank U
Vinod
01 June 2014
so what is the problem? company will deduct TDS as per the CTC and investment declaration. at each quarter end, there will be higher TDS.
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