Tds on salary

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AWDESH MAURYA (Querist)
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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

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CA Deven

CA Deven (Expert)
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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

Rupesh Jain (Expert)
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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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