TDS % on 92b


This query is : Resolved 

Quick Summary
This discussion addresses how to calculate Tax Deducted at Source (TDS) on a director's salary when the monthly amount varies. The advice given is to estimate the annual salary, calculate the total tax liability on that amount, and then divide the annual tax by 12 to determine the monthly TDS deduction. Any discrepancies can be adjusted in April.

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.

29 January 2021 Consider 55,000(average) and deduct TDS monthly adjust for actual in April.

29 January 2021 Thank you sir,
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.

29 January 2021 THANK YOU VERY MUCH SIR


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