Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2013
I am working in a Co. which has two internal Co.s. In F.Y. 2012-13 One of Employee got salary Rs. 85,500 including
Conv. allowance Rs. 800 pm.
HRA Rs. 15,300 p.M.
Special Allowance- Rs. 43900 P.M.
LTA Rs.3250 P.M.
Medical Reimbursement Rs. 1250 Per month.
Rent Paid by him Rs. 14000 P.M.
His LIC is Rs. 54946.
He got Salary in following way:-
for Apr to June from Co. A
and
July to 9. Nov.2012 from Co.-B
and after that he left job.
Now Pls tell the TDS calculation on his Salary from Co. A & Co. B.
Pls reply ASAP.
Conv. allowance Rs. 800 pm.
HRA Rs. 15,300 p.M.
Special Allowance- Rs. 43900 P.M.
LTA Rs.3250 P.M.
Medical Reimbursement Rs. 1250 Per month.
Rent Paid by him Rs. 14000 P.M.
His LIC is Rs. 54946.
He got Salary in following way:-
for Apr to June from Co. A
and
July to 9. Nov.2012 from Co.-B
and after that he left job.
Now Pls tell the TDS calculation on his Salary from Co. A & Co. B.
Pls reply ASAP.
24 December 2013
Can refer this:
https://www.caclubindia.com/articles/what-is-salary-how-to-calculate-tds-on-salary-16151.asp#.UrnLItJDtA0
https://www.caclubindia.com/articles/what-is-salary-how-to-calculate-tds-on-salary-16151.asp#.UrnLItJDtA0
24 December 2013
Hi
Add total Income & compute annual TDS liability reduce TDS already deducted & divide it by no. of month left.
you can use this online TDS calculator: https://finotax.com/income-tax/calc-next
Thanks//VaibhavJ
Add total Income & compute annual TDS liability reduce TDS already deducted & divide it by no. of month left.
you can use this online TDS calculator: https://finotax.com/income-tax/calc-next
Thanks//VaibhavJ
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