Tds on salary
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)
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
You have to forecast 12 month salary allow for exemption & calculate tax payable & divide by no. of moths in FY.
Thanks
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
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....
20 October 2013
Yes TDS amount will get increased with increase or decrease in salary paid.
Thanks//VaibhavJ
Thanks//VaibhavJ
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