accountant
51 Points
Joined November 2014
Dear Sir,
Some one told me that, Even if a salaried person belongs to 5% category, but we have to deduct 10% of tds from their monthly salary. Later the employee should submit thier reuturns then they will get back, whatever amount they paid excess.
Please give me suggestions, i have to follow tds from may'17 onwards. should i deduct 10% of their monthly salary or average monthly amount of tds?
Thank you sir