Tds on salary

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2013 An employee(less than 60yrs of age) recieved salary Rs 50000 for 1st 8 months during the year and 55000 during last 4 months. How will his TDS be deducted during each month.(AY 13-14)

@VaibhavJ

@VaibhavJ (Expert)

19 October 2013 Hi

You have to forecast 12 month salary allow for exemption & calculate tax payable & divide by no. of moths in FY.

Thanks

@VaibhavJ

@VaibhavJ (Expert)

19 October 2013 To know how to calculate TDS..

Pl refer: https://www.caclubindia.com/articles/what-is-salary-how-to-calculate-tds-on-salary-16151.asp

Thanks//VaibhavJ

Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2013 Thanks for the reply but will the TDS amount change after 8 months? Kindly help me out with the example stated above....

@VaibhavJ

@VaibhavJ (Expert)

20 October 2013 Yes TDS amount will get increased with increase or decrease in salary paid.

Thanks//VaibhavJ

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