Tds on salary


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2015 Hi

plz let me know calculation of tds on salary case . suppose a person annual slary is 8 lakh . and also please tell me the investment added..

CA Deven (Expert)
12 February 2015 TDS ON SALARY WILL BE AS PER APPLICABLE SLAB RATE...YOU NEED TO READ SALARY PROVISIONS LIKE HRA EXEMPTIONS CONVEYANCE ALL. MEDICAL ALL ETC...

TOTAL TDS LIABILITY WILL BE BIFURCATED IN REMAINING MONTHS AND DEDUCTED PROPORTIONATELY.

ELIGIBLE INVESTMENT WILL BE DEDUCTED FROM GTI REFER LIST OF 80C 80D

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2015 can u share me a calculator of this ....

CA Deven (Expert)
12 February 2015 how will you calculate if u doesnt know provisions regarding tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 February 2015 i know the rates and the applicable on salary...

CA Deven (Expert)
13 February 2015 see its very simple you just need to calculate income tax on salary income and than divide it into No. of months and deduct accordingly ...if you have any software for TDS return or salary processing you can easyly calculate from that


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