TDS on salary
This query is : Resolved
11 June 2011
paying monthly salary of rs.75000 .my question is that is it mandatory to deduct TDS on salary monthlywise and which is the percentage of deduction rate for the F.Y 2011-12
11 June 2011
You have to calculate for the year tax on the estimated Total Income ( Salary Income plus any other income as declared by the employee after adjusting the allowable deductions)
and find out monthly average of the tax amount. The same has to be deducted every month and to be deposited on or before 7th of the next month.
and find out monthly average of the tax amount. The same has to be deducted every month and to be deposited on or before 7th of the next month.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- 44AD VS 44AB AUDIT
- Purchase of property from NRI
- Query Regarding Refund Adjustment Against Outstanding Demand
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- GST APPLICABILITY TO DIAGNOSTIC
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- Itr processing delay
- Clarification on GST Applicable for Training Hall Rent Invoice
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- PAN from DIN
- ITC claim on vehicle parts and repairing
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
