Section 192
Querist : Anonymous
the employee has availed 17 leave in the august month, for that the company will pay his salary after deducting these 17 leave amount. plz tell me should i deduct TDS as per annually computation basis, or should i deduct on actual salary paid of august...
plz clarify...
Querist : Anonymous
this employee basic salary is 30000 PM. as per the annually calculation section 192, i am deducting rs 778 pm TDS, but the employee has availed 17 leave in august for that company has deduct rs 21000 from his salary hence only 9000 will be paid to him as per your view i should deduct TDS on 9000. but i am confused that how to deduct TDS on only 9000, should i compute his salary again by considering rs 9000 as august salary and calculate the tax amount then less TDS amount deduct in april to july and balance tax amount will be deduct in coming next month..
plz tell me is this right process or not if not then how to deduct
Querist : Anonymous
after less 21000. the total tax become reduce rs. 2163. my query is, suppose as per annually computation i was deducting rs 778 PM tds, but let assume the employee has availed these leave in march. then already excess TDS become deposited.
Querist : Anonymous
basic salary (30000*12)= 360000
less 250000, 110000*10.3/100=11330, less rebate of rs 2000 u/s 87A, then the total tax liability is 9330, hence i was deducting 778 PM TDS. but my Query is suppose i have deducted this 778 TDS till the february and if the employee has availed this 17 leave in march, then till 28/2 i have already paid excess TDS, let me compute by actual payment of rs 9000, basic salary 30000*11=330000, add payment of march 9000, 339000, less 250000, 89000*10.3/100=9167, less rebate 2000, then total tax will be 7167, but as per first computation i have deducted 778*11=8558, therefore i have already deposited excess 1391 TDS till february, plz tell me what to do now........
Querist : Anonymous
that become adjust... but what is right way to avoid st mistake in further...
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