TDS % on 92b
This query is : Resolved
29 January 2021
Dear sir,
our company's director taking salary every month variable amount, there is no fixed amount in a year.
month to month they taking different amount salary *( like 50000 or 60000) .
How much should i deduct TDS % on directors salary under 92B.
Kindly advice.
our company's director taking salary every month variable amount, there is no fixed amount in a year.
month to month they taking different amount salary *( like 50000 or 60000) .
How much should i deduct TDS % on directors salary under 92B.
Kindly advice.
29 January 2021
Consider 55,000(average) and deduct TDS monthly adjust for actual in April.
Message likes :
1 times
29 January 2021
Thank you sir,
It means i have to deduct 10% TDS on their salary.
It means i have to deduct 10% TDS on their salary.
29 January 2021
No, it's like this. Annual salary 55000*12.
Tax on annual salary, divide it by 12 and deduct the amount monthly.
Tax on annual salary, divide it by 12 and deduct the amount monthly.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- F&O reporting in ITR
- Taxation on Old jewellery sold
- Loss of interest in PF transfer from EPFO to Trust
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- U/S 194 T
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
