banner_ad

Quarterly division of tax amount

Others 196 views 2 replies
User Avatar

39 Points Posted on 27 October 2021
what is the formula of quarterly division of tax amount? If an employee has to pay 20000 rupees in a financial year as tax amount how much should minimum amount be deducted as tds quarterly? Is there any formula
0 Reply Share Follow
On 27 October 2021 at 14:51 Report
Replies (2)
User Avatar

Team Lead
7558 Points Posted on 27 October 2021
There's no such formula. you need to calculate the taxable income of employee after considering all deductions
on the balance tax needs to be calculated as per slab rate and divide it remaining month's of the year and deduct tax.
Reply
On 27 October 2021 at 16:05
User Avatar

SEO Sai Gr. Hosp.
211715 Points Posted on 27 October 2021

Unless there is any gain from CG or IFOS, in particular quarter, the income is to be spread over 12 months, and the liable  tax amount should be calculated,

Reply
On 27 October 2021 at 16:07


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details