Tds
This query is : Resolved
Sankar Chakraborty
(Querist)
21 May 2018
Dear Sir
We had paid salary to an employee Rs 1.00 lakh p.m after deducting TDS (tds deducted on estimated yearly salary Rs 12.00 lakh )
P.M. SALARY PAID
Salary 100000.00
P tax -200.00
Tds -14745.00
Net pay: 85055.00
After paying apr +may+june (85055x3) said employee left the company
Now while we generating TDS return on gross PAID salary RS 3.00 lakh how we show tds total 14745x3 = 44235.00 IN Q4 SALARY DETAILS (FORM24)
PLEASE HELP
We had paid salary to an employee Rs 1.00 lakh p.m after deducting TDS (tds deducted on estimated yearly salary Rs 12.00 lakh )
P.M. SALARY PAID
Salary 100000.00
P tax -200.00
Tds -14745.00
Net pay: 85055.00
After paying apr +may+june (85055x3) said employee left the company
Now while we generating TDS return on gross PAID salary RS 3.00 lakh how we show tds total 14745x3 = 44235.00 IN Q4 SALARY DETAILS (FORM24)
PLEASE HELP
CMA Ramesh Krishnan
(Expert)
21 May 2018
You need to show the actual salary Rs.3 lakhs and TDS amount Rs.44235 as TDS excess deducted in Salary sheet of TDS Q4 return, there is option also in salary sheet to put the date of "from & to " to show the period of employment of the employee with you. mention the period there
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