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.
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