Tds calculation
This query is : Resolved
19 May 2015
Hi Experts,
my annual salary is 264000.
My employer instead of p.f deduct 10% of 22000 (monthly salary per month and refund it at the end of financial year with a interest of 10% p.a.
please help me to calculate TDS per month.
regards
my annual salary is 264000.
My employer instead of p.f deduct 10% of 22000 (monthly salary per month and refund it at the end of financial year with a interest of 10% p.a.
please help me to calculate TDS per month.
regards
19 May 2015
your question is not clear in regards to PF .
Suppose your employer credit in your salary 2200+ 220 (10% of per Month salary with 10% pa interest ), then whole amount of 2420 x 12 months + 264000 is taxable.
The employer should SUBMIT this pf amount to govt. PF fund then you can get 80CC benefit.
regards
alok goel
Suppose your employer credit in your salary 2200+ 220 (10% of per Month salary with 10% pa interest ), then whole amount of 2420 x 12 months + 264000 is taxable.
The employer should SUBMIT this pf amount to govt. PF fund then you can get 80CC benefit.
regards
alok goel
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- TDS AND ITR ISSUE
- LIC maturity claim whether taxable
- Same demand raised for original as well as rectification request return
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
