tds on salary

Dear Deepak,

Your calculation of TDS is absolutely right.

For the collection and payment of TDS you have 3 options.

1. As you mentioned above, you can Deduct the tax pertaining to earlier months from the salary of November 2010 itself.

2. As calculated above, you can deduct the tax installment from November to February and the residue [8240-(687*4)] can be deducted in march.

3. But both the above options will be a bit burdensome on the employee, because the salary in hand for the month of November/March will be extensively less.

         So I would like to suggest you to go for 3rd oprion i.e. the total deduction should be divided equally into 5 installments for the months from Novembar to March. (8240/5=1648). So you will have to deduct Rs. 1648/- from November onwards.

Regards,

Devendra & Nitin.

It is better to remit TDS of Rs. 1648 for 5 months.

Dear Deepak,

Conclusions by Mr. Devendra is correct.And you must communicate to the employee before deducting TDS ,regarding any Deductions or Exemptions he is allowed to .

i m also agree with Mr. devendra.

I support the following view

Originally posted by : Divya
	It is better to remit TDS of Rs. 1648 for 5 months.