Tds on salary


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Querist : Anonymous

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Querist : Anonymous (Querist)
19 February 2012 My firm paid salary to a woman staff of Rs.720000/- for the year 2011-12.TDS not deducted till date, it should be deducted in the March.What is tds amount and what is the calculation. Please show me the tax stage.
Please reply back immediately.Please note that there is no tax saving investment made in this case.

19 February 2012 What about:
1. HRA amount and actual rent paid.
2. Conveyance Amount in the 720000.
3. LTA and other bifurcation of 720000.
4. Amount of PF and Professional tax deducted from gross salary prior to arrive figure of 720000.
In case you need salary tax calculation excel workbook over mail, kindly provide mail id.

19 February 2012 Please also mention..
Is that woman, not a senior citizen?
Don't she has any mediclaim policy or Life Insurance Policy or children school fee etc?

sorry but, it looks amazing case !

CA Punit (Expert)
19 February 2012 Amount of tax depends on the structure/components of salary..
And the TDS should be made in Feb or March, as possible.


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