Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2012
Whether an employer can deduct TDS from the salary in current financial year if an employee whose monthly salary is Rs. 25,000/- and he has been working in that organization since November, 2011.
TDS on Salary can be deducted with effect from 1st April, 2012. If yes, amount of tax to be deducted. If not, applicable Section under Income-Tax Act.
TDS on Salary can be deducted with effect from 1st April, 2012. If yes, amount of tax to be deducted. If not, applicable Section under Income-Tax Act.
08 June 2012
Section 192 of the Income Tax Act deals with TDS on salary.
Applicability of TDS will depend upon the estimated total income of the employee for the year.
Compute the estimated income of the employee for the period April, 2012 to March, 2013.
If this income exceeds the exemption limit, then the employer is liable to deduct TDS.
Applicability of TDS will depend upon the estimated total income of the employee for the year.
Compute the estimated income of the employee for the period April, 2012 to March, 2013.
If this income exceeds the exemption limit, then the employer is liable to deduct TDS.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
