salary tds
This query is : Resolved
21 March 2009
dear sir
our one staff is paid salary 23000.00 per month should i deduct the tds if yes please say me the rate and the accounting entry in the books i am paying him 23000 from april to feb and jv will be passed for march
salary 23000*12=276000.00
aslo say the interest rate for late payment for tds
our one staff is paid salary 23000.00 per month should i deduct the tds if yes please say me the rate and the accounting entry in the books i am paying him 23000 from april to feb and jv will be passed for march
salary 23000*12=276000.00
aslo say the interest rate for late payment for tds
21 March 2009
TDS on salary is deducted on average basis. TDS is calculated as tax computation made for an individual as per slab rate for the concerned assessment year, and then that tax amount is devided into 12 months and TDS is deducted on monthly basis.
To get the minimum tax on salary, salary is being devided into allowance out of which some are totally exempted from tax and some are partially. You need to make salary structure for this.
Interest on late payment of TDS is 1% per month.
If you need my professional services, you can contact me on ca.tilakrajsharma@yahoo.com or +919805028580.
To get the minimum tax on salary, salary is being devided into allowance out of which some are totally exempted from tax and some are partially. You need to make salary structure for this.
Interest on late payment of TDS is 1% per month.
If you need my professional services, you can contact me on ca.tilakrajsharma@yahoo.com or +919805028580.
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- LC charges in relation to Asset purchased should be Capitalised ?
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Opting our of sec 44AD
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
