Tds deduction
This query is : Resolved
01 February 2014
I WANT TO KNOW ABOUT TDS DEDUCTION CALCULATION
SUPPOSE IF ANY PERSON JOIN COMPANY IN THE MONTH OF SEPTEMBER AND HIS/HER GROSS SALARY WOULD BE 20000 PER MONTH,HERE TOTAL MONTHS COMES ONLY 9 MONTHS. ACCORDING TO THAT HE/SHE SHOULD NOT BE LIABLE FOR THE DEDUCTION ACCORDING TO INCOME TAX SLAB FY-2013-14.BUT IF WE GO PROPORTIONATELY CALCULATION THERE SHOULD BE DEDUCTION.BUT HOW SHOULD DO THE CALCULATION,PLEASE HELP WITH CALCULATION SHEET WITH EXAMPLE.
THANKS
SUPPOSE IF ANY PERSON JOIN COMPANY IN THE MONTH OF SEPTEMBER AND HIS/HER GROSS SALARY WOULD BE 20000 PER MONTH,HERE TOTAL MONTHS COMES ONLY 9 MONTHS. ACCORDING TO THAT HE/SHE SHOULD NOT BE LIABLE FOR THE DEDUCTION ACCORDING TO INCOME TAX SLAB FY-2013-14.BUT IF WE GO PROPORTIONATELY CALCULATION THERE SHOULD BE DEDUCTION.BUT HOW SHOULD DO THE CALCULATION,PLEASE HELP WITH CALCULATION SHEET WITH EXAMPLE.
THANKS
01 February 2014
Hi
You will be required to consider his previous income.
If no income declared the no TDS to deduct.
You will have to deduct tdson amount payable got financial year.
Thanks
You will be required to consider his previous income.
If no income declared the no TDS to deduct.
You will have to deduct tdson amount payable got financial year.
Thanks
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