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Tds on perquisites

TDS 2608 views 1 replies

I want to know that which is the amount shown in 24Q (TDS return for salaried employees) under the head "Taxable amount on which tax deducted" in case of TDS deducted on perqiusites???

In that case i have the amount of TDS deducted from perquisites of each and every employee but don,t have the amount on which tax has been deducted???

Please help!!!!

Replies (1)

One possible solution may be the reverse calculation. Suppose you have a tds amount of Rs 5000, then taxable perquisite amount would be Rs. 50000. if tax deducted for whole year then add basic exemption amount to it and it would come rs 2,50,000/-.

 

let's say if the particular employee have any savings (eg 10000) then add such amount also to Rs 2.50 and it would be Rs. 2.60lac


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