Tds

This query is : Resolved 

01 January 2015 How is salary tds actually calculated?
Please explain with example.

01 January 2015 Salary structure is known to HR. Accordingly the would be salary for the year is calculated. The legitimate deductions are taken into account e.g.pf, lip, ppf etc. (Some companies take declarations from employees about these deductions at the beginning of the year and ask them to produce the proof of payment in due course)

01 January 2015 Yes I appreciate the answer. But I believe that explanation with example will be more useful and provide me better insight. This will also help me in my job.

02 January 2015 If u provide me with your figures, it will be better for understanding the actual concept. Will you?

02 January 2015 https://www.caclubindia.com/articles/what-is-salary-how-to-calculate-tds-on-salary-16151.asp#.VKYjAdKUdic

please refer this link for better understanding about the details on tds on salary.

02 January 2015 Thank you Tushar for that link....very good

02 January 2015 Thank you amol sir for the appreciation...atleast there are genuine members like you who really appreciates my efforts rather then doubting the same..thanks to you sir.

02 January 2015 No mention please dear......

Being alone does not make you lonely,

Being surrounded by WRONG people is the LONLIEST thing in the world

Good that we are surrounded by people like you.....it is pleasure

02 January 2015 Agree with your views sir and i am lucky to have support from a senior member of icai on caclub like you.thank you

02 January 2015 Good one. Do continue to solve my next queries in the same way.
Looking forward for the same...

03 January 2015 Surely dear....always welcome.


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