Tds applicability

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jitu (Querist)
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26 August 2013 1. if cent. govt employee salary earns 36000*8=288000 for a/y 2014-2015 , how much tds is deduted.
2. when normally employer starting deducted tds from salary in cent. govt org.
pls reply these question on urgent basis.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 August 2013 1. need to calculate the TDS with computing the taxable income and tax liability. as given details after basic exemption Rs.2 lakh balance Rs.88000 will come under 10% tax so Rs.8800 plus e.cess 3% will be deducted as tds in monthly installment. incase any fully exempted and partly exempted allowance and sec.80C deductions also considered before deducting

2. TDS need to deduct from April or the joining date which ever is earlier

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