Computation of tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2015
Dear experts,
Our company pays salary to one of our employee two lacs per month, tds on that salary is also paid by the company, tds is not deducted from the employee's salary i mean to say that the employee will get 24 lacs in full the tds on his salary will be borne by the company itself.
how will i calculate the tds amount in this case, as the CTC will be more than 24 lacs.
thanks and regards
Our company pays salary to one of our employee two lacs per month, tds on that salary is also paid by the company, tds is not deducted from the employee's salary i mean to say that the employee will get 24 lacs in full the tds on his salary will be borne by the company itself.
how will i calculate the tds amount in this case, as the CTC will be more than 24 lacs.
thanks and regards
09 July 2015
the co cannot pay salary without deduction of tds. It can bear the tax portion of non monetary perks only and not entire salary.
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