regarding salary tds

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priti (Querist)
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31 January 2011 thank you but i still have doubt should i take salary of previous employer on gross salary of employee or on net salary recd. by them & as biffurcation of salary provided by them(considering absentees also) - they do not have form 12b from previous employer
1) also many employees were not working for 2-3 months so i have to take estimate salary for that month also or leave it
2) our co. paid salary in cash in sept & oct but regd. from 19/10/2010 so would sept to 18 oct tds to be deducted or not
pls reply urgent

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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31 January 2011 You need to be concerned for few items for past employments:

1> Gross taxable salary received .
2> Rebate / Deductions given under chapter VI
3> TDS deducted.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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31 January 2011 So from the above you will get, Net taxable salary & TDS thereon. Also, you got the amount already availed as deductions. Suppose, past employer has given the benefit of 70000/- under section 80C, then you will consider another 30000/- only for your estimate.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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31 January 2011 Last : You will do the estimation of tax calculation on the basis of full salary (Full attendance) & deduct an equal amount of TDS each month. However, in the last month or in March, you need to recalculate your workings on the basis of actual attendance / actual receipt / actual TDS till date & then deduct the balance TDS in that month.

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