Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2012 sir i have joined a company in August 2011, my monthly salary is 50,000 and no tds has been deducted so far from my salary please tell me how much tds should i deposit since august , should i pay penalty also.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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01 February 2012 TDS salary need to be calculate the total taxable income as per different provision and arrive tax liability and need to pay monthly installment. try some help files in files section and try to calculate.

since not deducted for 5 months need to pay the interest on delay payment at rate of 1.50% per month or part of the month from the month of deductible to date of payment

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