Tds deductions
This query is : Resolved
Jyoti Saroj
(Querist)
19 February 2016
Dear Experts
I have an query regarding TDS Deduction on Salary, details for Individual as :
Basic Salary = 25000/- p.m.
Leave (5 days) = 4165/- i.e Rs. 833/- per day into 5days)
Net salary Payable for the month = Rs. 20835/-.
My query is TDS will be deducted on Rs. 25000/- or on Rs. 20835/- ?
Please help me out.
I have an query regarding TDS Deduction on Salary, details for Individual as :
Basic Salary = 25000/- p.m.
Leave (5 days) = 4165/- i.e Rs. 833/- per day into 5days)
Net salary Payable for the month = Rs. 20835/-.
My query is TDS will be deducted on Rs. 25000/- or on Rs. 20835/- ?
Please help me out.
20 February 2016
Deduct on 20,835 because it is the amount payable. Inference is from section 192(1).
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Gokul Sharma
(Expert)
20 February 2016
If we deduct tds on 20835 but in succeeding month employee don't take any leave than can have the case of short deduction of tds .....in salary we calculate tds amount by considering slab limit.
Jyoti Saroj
(Querist)
21 February 2016
Dear CA. Gokul Sharma Sir,
Am too confused for this TDS deduction on salary. will you please help me out of this.
I mean considering slab limit in what kind? As per which clause or section?
Am too confused for this TDS deduction on salary. will you please help me out of this.
I mean considering slab limit in what kind? As per which clause or section?
Gokul Sharma
(Expert)
22 February 2016
Sec 192 is for salary.
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