TDS on salary

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What is the provision for TDS if a director receives remuneration from 2 companies. Let , Rs. 50,000 & Rs. 1,00,000 p.m. ????

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TDS ON SALARIES IS DEDUCTED ON THE BASIS OF DECLARATION FILED BY THE EMPLOYEE TO EMPLOYER. THE TDS DEDUCTED AS PER PROVISIONS 192/193 OF IT ACT .  IT DEPENDS UPON THE EMPLOYEE HOW MUCH DECLARATION HE IS FILING. AS THE RATE OF TDS IS LOWER THAN THE ACTUAL TAX LIABILITY ON HIS  CONSOLIDATED INCOME. THAN HE HAS TO PAY INTEREST U/S 234B AND C ON THE DIFFERENCE OF TAX LIABILITY.IF HE DOES NOT GIVES THE CORRECT  DECLARATION 

agree with future ca

Sir,

My ACCONTING YEAR IS JUL TO JUN EARLIER NOW FROM THIS YEAR IT CHANGE TO JAN TO DEC.FOR THIS YEAR MY ACCOUNTING PERIOD IS JUL TO DEC. IN DEC MY ONE OF THE CLIENT ACCOUNT CROSS TDS FROM PROFESSIONAL LIMIT 30000 FOR PERIOD JUL TO DEC. BUT MY TAX AUDIT POINT OF VIEW MY ACCOUNTING PERIOD IS APR TOP MAR. AND OUR FIRM HAS NOT DEDUCTED TDS ON THAT CLINT FOR THE TRANSACTION ENTERED BETWWEN APR TO JUN. PLEASE ADVICE THAT WHETHER TDS SHOULD BE DEDUCTED ON THAT PERIOD.


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