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TDS calculations on Salary

dinesh pawar (officer) (108 Points)

28 September 2021

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)

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Rama chary Rachakonda (Master in Accounts & high court Advocate) (8545 Points)
Replied 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 (officer) (108 Points)
Replied 28 September 2021

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

kulpreet saluja (43 Points)
Replied 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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