on what amount tds deduct
This query is : Resolved
CA Vikas Agrawal
(Querist)
13 May 2008
if i appointed a employee at 25000 Rs. per month, but we r paying only 19500, and remaining 5500 is with hold for Bonus 1000, Performance bonus 1000, Medical 1000
& Lta 1000, other 1500.
then at what amount i should calculate TDS at the end of the year.
& Lta 1000, other 1500.
then at what amount i should calculate TDS at the end of the year.
CA Hemant T Dewani
(Expert)
13 May 2008
in the above case total salary is taxable.
if you are given reimbursment by employer of actual expenditure incurred by an employee for medical treatment from any doctor in respect of the employee or any member of the family of such employee,not exceeding Rs.15000/- in the year
in lta if you are given transport allowance granted to an employeee,to meet his expediture for the purpose of commuting between the place of his residence and the place of his duty to the extend of Rs.800 p.m.
tds is deducted on whole amount
if you are given reimbursment by employer of actual expenditure incurred by an employee for medical treatment from any doctor in respect of the employee or any member of the family of such employee,not exceeding Rs.15000/- in the year
in lta if you are given transport allowance granted to an employeee,to meet his expediture for the purpose of commuting between the place of his residence and the place of his duty to the extend of Rs.800 p.m.
tds is deducted on whole amount
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