We are a LLP firm and we have applied for TAN 3days ago means yet we were not deducting any TDS on Salary or etc.
because we didn't have TAN and now we have decided to deduct TDS from salary and on other payments..
here is the salary detail for one of our employee for the month of september 2011
Basic 14000
Hra 7000
medical 1250
Transportation 800
LTA 2800
Internet excess allowance 800
telephone calls allowance 500
professional enrichment allowance 450
special performance monthly 2400
total salary =30000/-
so please tell me how will i make computation for deduction TDS from salary
from this month keep in mind yet we have not deducted any TDS because we didnt have TAN
and from this month we want to deduct TDS while we have applied for TAN for 3 days ago
so 1.please send me calculation of deducting tds
2. also inform me where and how i will make provision at the time of computation of TDS of , Internet allowance , Telephone allowance, professional enrichment , special performance monthly payout transportation etc.
Finaly please inform me the complete computation of Deducting TDS from above salary detail
whether there is no investment by any employee us 80c to 80g etc.?
CAclubindia
