TDS on Salaries

I AM AN ACCOUNTANT IN INFINITY STATIONERIES PVT. LTD.I HAVE SOME CONFUSION ABOUT THE CASE DISCUSSED BELOW. PLEASE HELP ME. THE MALE DIRECTOR OF THE COMPANY IS GETTING REMUNERATION 6 LAC PER ANNUM. DEDUCTION U/S 80C IS 1 LAC. WHAT WILL BE THE AMOUNT OF TDS. IS THIS TDS AMOUNT ALSO WILL BE CHANGE ACCORDINGLY IN CHANGES OF THE INCOME SLABE RATES.

Firstly Cal the Tax of F Y - 2010-11

160000= NIL

340000*10%= 34000

10000*20% =20000

Total Tax = 54000

Per Month = 54000/12= 4500

TDS Amount of Per Month= 4500

It is not compulsory to give the form 16 to the employees if there is no TDS deducted.

As Form 16 is a TDS certificate and not a salary certificate,

Agree with Ankit Bansal.

TDS Amount will be change accordingly as change in his income only.

Regards,