Tds
This query is : Resolved
26 June 2013
You will have to calculate the TDS based on applicable slab after taking into consideration all the deductions. You will also have to take investment declaration from the employee.
Say total salary is Rs 3 lacs and employee makes investment u/s 80C of Rs 1 lacs.
So you need not deduct TDS since exemption limit is Rs 2 lacs and deduction u/s 80C is 1 lac. If after all deduction and exemption income is taxable only then you need to deduct TDS from salary.
Say total salary is Rs 3 lacs and employee makes investment u/s 80C of Rs 1 lacs.
So you need not deduct TDS since exemption limit is Rs 2 lacs and deduction u/s 80C is 1 lac. If after all deduction and exemption income is taxable only then you need to deduct TDS from salary.
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
- GSTR 1 filled with 40 lakh tax liability but GST 3B filed with nil taxable value
- Regarding Interest on Enhanced Compensation
- Whether in Notes to accounts shown as
- New GST Registration with 02 company
- In elgible ITC claimed in FY 2021-22 & 2022-23 is it to be paid through DRC03 or to reverse it
- Rent agreement prior to incorporating a Company
- REGARDING CAPITAL CONTRIBUTION BY PARTNER
- ITC 04 for Job work
- Best book for knowledge gain
- Affordable Logo Animation Studio
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
