How the tax deduction is made on salary in case of salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2013
Sir,
I want to know how the tax is to be deducted in case of Salary to employee when employee joins in between the year and whether the investment made before joining employment is to be considered for non deduction ?
I want to know how the tax is to be deducted in case of Salary to employee when employee joins in between the year and whether the investment made before joining employment is to be considered for non deduction ?
19 February 2013
1. you may collect information from the employee regarding the income earned during the previous employment.
2. the same may be added to expected income in the new company.
3. deductions for the investments made before and proposed investment in remaining part of the year then may be deducted to arrive at the taxable salary.
4. make sure before deducting TDS, credit of TDS deducted by the previous employer is accounted in for.
2. the same may be added to expected income in the new company.
3. deductions for the investments made before and proposed investment in remaining part of the year then may be deducted to arrive at the taxable salary.
4. make sure before deducting TDS, credit of TDS deducted by the previous employer is accounted in for.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Negative ITC in Table 4(A)(5)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
