Tds on salary
This query is : Resolved
AWDESH MAURYA
(Querist)
13 February 2015
sir,
my query say for eg salary of employee is Rs 45000.p.m tds on salary has not been deducted for 1st , 2nd & 3rd quarter & want to deduct salary in 4th quarter Then how to deduct tds in 4th Qtr is it on 45000*3=135000 & apply slab rate for 3rd quarter or 45000*12=,540,000 and applly slab rate on 540000
Show entire Year salary of 45000*12=540000 In the tds return of 4th qtr & also in salary certificate of the 4th qtr
Please Reply
my query say for eg salary of employee is Rs 45000.p.m tds on salary has not been deducted for 1st , 2nd & 3rd quarter & want to deduct salary in 4th quarter Then how to deduct tds in 4th Qtr is it on 45000*3=135000 & apply slab rate for 3rd quarter or 45000*12=,540,000 and applly slab rate on 540000
Show entire Year salary of 45000*12=540000 In the tds return of 4th qtr & also in salary certificate of the 4th qtr
Please Reply
13 February 2015
YES YES YOU NEED TO SHOW 45000*12 540000 AND CALCULATE TDS DEDUCT IN JAN FEB AND MARCH ..ONLY THE AMOUNT ON WHICH TDS DEDUCTED WILL APPEAR IN 26AS
Rupesh Jain
(Expert)
13 February 2015
YOU HAVE TO CALCULATE TDS ON TOTAL SALALRY OF THE YEAR AND THEN DEDCUT THE INVESTMENT AFTER THAT YOU CAN DEDCUT THE TDS.
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