tds calculation
This query is : Resolved
30 March 2009
pls help me in explaining tds and advance tax calculation for salaried employees..
HUZAIFA HUSSAIN
(Expert)
30 March 2009
For salaried employee first calculate Gross total income and then tax there on for whole year. than divide the tax by 12 months for monthly TDS purpose.
Deepak Goel
(Expert)
30 March 2009
First of all calculate Gross total income including any other income reported by employee and then calculate tax on total income. After that calculate average rate of tax which should be deducted on monthly basis.
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