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dinesh pawar (officer)     28 September 2021

TDS calculations on Salary

o have to calculate TDS on salary. i want to know that for salary calculation, we have to take gross salary or net salary ( after PF, mediclaim, PT deduction)

 3 Replies

Rama chary Rachakonda

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     28 September 2021

The employer deducts TDS based on the employee's net taxable income, i.e., gross taxable income minus tax-saving deductions (as declared by the employee) under sections 80C to 80U.

dinesh pawar

dinesh pawar (officer)     28 September 2021

We can take Deduction of home loan principal paid & interest paid & limit
kulpreet saluja

kulpreet saluja   29 September 2021

Yes all the deduction for which proofs are furnished by the employee has to be considered by the employer while calculation of TDS

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