Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2013
Our company is a newly established company. We have hired some people as investment advisor who were working previously in the other organizations now when we pay the salary to them how should we deduct the tds on salary their packages are Rs. 10 lakhs pa and for the FY 2012-13 they will be working for 3 months (Jan. to march 2013).
Please help
Advance thanks
Please help
Advance thanks
Santosh Mishra
(Expert)
28 February 2013
Hi, Please ask them to furnish their taxable income earned in previous company.
Compute tax liability on previous income plus current estimated income. You also need to given them credit for taxes already paid.
Compute tax liability on previous income plus current estimated income. You also need to given them credit for taxes already paid.
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