Tds calculation on ctc based salary

This query is : Resolved

shokeen (Querist)
Follow

19 August 2014 Dear Experts

Please suggest me,I'm working as a accountant and how i calculate TDS on salary if salary is CTC based. How calculate Basic salary, HRA and any other allowance from CTC salary.

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

19 August 2014 there should be a salary break up

Message likes : 1 times

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

19 August 2014 there should be a salary break up

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

19 August 2014 ask the salary break up from management,

if there is no salary break up, then break up the salary so as to minimize the tax of employee.

Message likes : 1 times

shokeen

shokeen (Querist)
Follow

19 August 2014 Thanks Mr. Dulal,

How i breakup of CTC salary, i mean any formula or ratio.

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

19 August 2014 ask the salary break up from management,

if there is no salary break up, then break up the salary so as to minimize the tax of employee.

shokeen

shokeen (Querist)
Follow

19 August 2014 in our firm no salary break up available.

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

19 August 2014 so consult with the employees and make break up to reduce the tax liability of employees.

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

19 August 2014 there are certain allowance which are exempted (like HRA, Transport ect), you may show the amount as allowance to reduce tax liability.

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

19 August 2014 there are certain allowance which are exempted (like HRA, Transport ect), you may show the amount as allowance to reduce tax liability.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAGHUNATH KASIBHOTLA

CA Sunny Sharma

Raviraj ponkshe

adarsh chaturvedi

DEEPAK BHARGAVA

Subscribe Now

Tds calculation on ctc based salary

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Manager- Finance and Compliance

GST CONSULTANT

Accountant

GST CONSULTANCY

Article Assistant