Tds
This query is : Resolved
kottaramesh
(Querist)
18 July 2012
I get salary 2,40,000/-pa in my company.my company wants to deduct tds every month. can i know how much they deduct tds from salary every month.please give yours valuable information.
18 July 2012
1.Estimate taxable income for the total year ( total salary excluding allowances to the extent allowed and deduct available deduction )
2.calculate the total tax according to the slabs.
3.divide the result figure /12 .. = tds per month
2.calculate the total tax according to the slabs.
3.divide the result figure /12 .. = tds per month
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CS ANAND RAVADA
(Expert)
18 July 2012
first you calculate the tax as per slabs then you plan accordingly.
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kottaramesh
(Querist)
18 July 2012
Dear Sir,
iam not a senior citizen, i get salary Rs.240000 pa for FY 2012-13. Iam not get any allowances from my company.my company wants to deduct equal amount tds every month from my salary.I think F.Y. 2012-13 Exempt below Rs. 200000.
iam not a senior citizen, i get salary Rs.240000 pa for FY 2012-13. Iam not get any allowances from my company.my company wants to deduct equal amount tds every month from my salary.I think F.Y. 2012-13 Exempt below Rs. 200000.
CA BHARATH KUMAR
(Expert)
19 July 2012
First you provide full salary details (PF PT etc)
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