Tds on salary 192 for 2017-18 fy
This query is : Resolved
03 June 2017
Our society hired Manager from 1st June 17 and the gross salary fixed per month is Rs.70000/- The salary for present financial year 17-18 for 10 months is Rs.700000/- and if he has 80C deduction of Rs.150000/-
Kindly reply what amount I had to deduct TDS from salary and to deduct monthly or quarterly ?
Our society hired Manager from 1st June 17 and the gross salary fixed per month is Rs.70000/- The salary for present financial year 17-18 for 10 months is Rs.700000/- and if he has 80C deduction of Rs.150000/-
Kindly reply what amount I had to deduct TDS from salary and to deduct monthly or quarterly ?
03 June 2017
Total Taxable Payable: 23,175.00, deduct monthly Rs. 2,318.
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03 June 2017
Sir thanks for the reply. If you can explain how this figure arrived, it will be helpful for others also.
03 June 2017
Tax payable calculated from the tax calculator of IT dept site. The salary is for 10 months hence divided by 10 for monthly equal deduction.
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