TDS on salary
This query is : Resolved
17 May 2010
How is TDS on salary deducted? For eg: if Mr. A is earning Rs. 325000 p.a, then how to calculate TDS on the salary?
CMA.Palani Arumugam
(Expert)
17 May 2010
You have to calculate the tax based on his annual estimated income, after considering his investments for tax benefit.
Then, the calculated tax, is equally distributed in each month.
Then, the calculated tax, is equally distributed in each month.
17 May 2010
AGREE WITH EXPERT.
GIVE ME YOUR ID I WILL SEND YOU SOME INFO USEFUL INFO REGARDING ABOVE MATTER.
GIVE ME YOUR ID I WILL SEND YOU SOME INFO USEFUL INFO REGARDING ABOVE MATTER.
18 May 2010
Hi,
Agree with experts
Agree with experts
Kishen K Warrier
(Expert)
18 May 2010
Agree.
He can also submit details of Loss from self occupied house property and also of other income(if any).But for Deductions under chapter VIA only Sec 80C will be considered and no other deduction.
He can also submit details of Loss from self occupied house property and also of other income(if any).But for Deductions under chapter VIA only Sec 80C will be considered and no other deduction.
CMA Arif Farooqui
(Expert)
24 May 2010
Agree with experts
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