TDS on Salary
This query is : Resolved
Vijay Mishra
(Querist)
23 June 2010
Dear Sir
If we pay Gross/Net salary of Rs. 29000/- p.m. to one of our employee. Kindly note that there is not any breakup at all. Please let us know how much TDS should be deducted from his salary per month.
regards
Vijay
If we pay Gross/Net salary of Rs. 29000/- p.m. to one of our employee. Kindly note that there is not any breakup at all. Please let us know how much TDS should be deducted from his salary per month.
regards
Vijay
CMA Ramesh Krishnan
(Expert)
23 June 2010
You need to calculate the total salary for the year and allow other deduction and add other income and compute the total income calculate tax liablity for the year and deduct tax on avarage monthly
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