Tds deductions

This query is : Resolved

Jyoti Saroj (Querist)
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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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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

Gokul Sharma (Expert)
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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

Jyoti Saroj (Querist)
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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?

Gokul Sharma

Gokul Sharma (Expert)
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22 February 2016 Sec 192 is for salary.

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