Tds calculation
This query is : Resolved
Nitin Nagar
(Querist)
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
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