Tds
This query is : Resolved
Neeraj Tripathi
(Querist)
31 October 2013
If we deduct TDS on salary for 6 month then how much we calculate of investment (Deduction)???only six month or full year???
Example:-
One employee join from 1st october and we mention salary october to march and LIC & other deduction is 1,00,000/- for full year the how we mention deduction 1,00,000/- or 50,000/-
Example:-
One employee join from 1st october and we mention salary october to march and LIC & other deduction is 1,00,000/- for full year the how we mention deduction 1,00,000/- or 50,000/-
Nikhil Kaushik
(Expert)
31 October 2013
for full year. it doesnt matter whether u work for a day or for a year, deduction under chapter VI/ section 80c is fully available.
Message likes :
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CA Pallav Singhania
(Expert)
31 October 2013
Agree with Nikhil Bhai,
Deduction U/S 80C will be allowed for full year.. i.e 100000
Itna to reham karegi Income tax department warna banda tax dete dete mar jayega...
Deduction U/S 80C will be allowed for full year.. i.e 100000
Itna to reham karegi Income tax department warna banda tax dete dete mar jayega...
Message likes :
1 times
Nikhil Kaushik
(Expert)
31 October 2013
@Aryan ....lolz
Neeraj Tripathi
(Querist)
26 November 2013
thanks......
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