Tds deduction and filing return

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 hi
i have started a new company and now paying salary of the employee for 4 months together.

how do i deduct TDS
let say they have a salary of 25000 per month
can i make adjustment so that no TDS is deducted

and when should be TDS submitted to the govt ??

@VaibhavJ

@VaibhavJ (Expert)

02 March 2013 Hi

You have to deduct TDS if their total Taxable gross from Joning date to Mar 2013 exceeds Rs. 2.50 Lacs.

For more clarity refer:
https://www.caclubindia.com/forum/salary-its-meaning-amp-how-to-calculate-tds-on-salary-easily-232338.asp#

Thanks!!

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 does employee need to show the medical bills, HRA (proof of rent), conveyance bills to reduce the basic salary.......

Gayathri Devi

Gayathri Devi (Expert)

02 March 2013 Yes it is the responsibility of the employee to produce teh required proof for the benefits given by the employer.

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 are u saying they need to submit the bills to employer.......

@VaibhavJ

@VaibhavJ (Expert)

02 March 2013 Hi

Yes they need to submit bills to employer in the basis of which reimbursement becomes non taxable else tax has to be deducted on it.

Thansk!!

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 ok thank you............

@VaibhavJ

@VaibhavJ (Expert)

02 March 2013 Thanks for acknowledgement.

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