TDS % on 92b
This query is : Resolved
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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.
CA R SEETHARAMAN
(Expert)
29 January 2021
Consider 55,000(average) and deduct TDS monthly adjust for actual in April.
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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.
CA R SEETHARAMAN
(Expert)
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.
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