How TDS is calculated ?
Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
02 July 2010Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
02 July 2010
varun gupta
(Senior Accounts Officer)
(89 Points)
Replied 02 July 2010
If there is diffrerence then deduct balance tax in last month.
V CHANDRA SEKARA RAJU
(CA FINAL)
(908 Points)
Replied 07 July 2010
Total salary = 300000/-
then aggregate tax is approx. 14000/- (assuming male assessee)
it is to be deducted by dividing 12 months i.e; 14000/12 = 1167 or may be deducted 1100 and difference may be adjusted at last month.........
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