Related to tds
This query is : Resolved
09 November 2012
Dear all
Pleas tell me that how to calculate TDS on salary.
If any employee file ITR then whether company will deduct TDS on the salary.
Pleas tell me that how to calculate TDS on salary.
If any employee file ITR then whether company will deduct TDS on the salary.
09 November 2012
TDS on Salary is calculated on total estimated salary of the year.
Tax is calculated on the basis of Slab Rate of Income tax.
Co. is liable to deduct TDS.
Tax is calculated on the basis of Slab Rate of Income tax.
Co. is liable to deduct TDS.
09 November 2012
For TDS on salary yearly salary should be fixed approximately. On allowing all deductible deductions then the tax on salary for that F.Y. should be calculated. The calculated tax should be divided by 12 (months. Then the monthly TDS amount to be deposited to govt A/c in 281 challan with in next month 7th date.
After getting the Form16 from the employer the Salaried staff may file his/her individual ITR. So before filing ITR by the staff the Employer should duduct TDS on his/her salary
After getting the Form16 from the employer the Salaried staff may file his/her individual ITR. So before filing ITR by the staff the Employer should duduct TDS on his/her salary
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