Tds on salary 192 for 2017-18 fy

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Sreejith. M (Querist)
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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 ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2017 Total Taxable Payable: 23,175.00, deduct monthly Rs. 2,318.

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Sreejith. M

Sreejith. M (Querist)
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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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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