Tds on salary

Dear All,

There is a problem regarding tds on salay. A employee whoes salary is 58000 per month has left job.she worked only five months (Aug-Dec) Her total salary is 58000*5=290000/-

as per income tax total rebate is 190000 in a year for female.But as per she worked only 5 months so what whould be rebate for her-

1) 190000*5/12=79167

Or

2) 190000

 

and i dont know about her last working......

Please help me its urgent

Thanks

Replies (7)

190000/- should be the rebate

so sir when we will issue form 16 then what details will be mention

asked to show her previous income to u. consider that 

if did nt get  , then consider maximum premissible limit i e 190000 

 

Thanks to reply

sir i want format salary pls give how to create. just like one stuff salary 24000 the how to bifurcate noe this amount to save tax of employee

 

basic +DA+convyance +HRA + medical, sir give me % rate of Rs. 24000/-

 

Mr. Sachin please give details of Salary 58000/- P.M. she job only 5 months.  Have any previous income yes or not  if no then she join on August than Estimate tax calculation  should be  from August to march 58000/- *10=580000.00 -8000-579200.00=389200*10.3%=40088.00/12 =3341 per months  Deposit  TDS on Salary u/s 192. If any no investment dedcution u/s 80C.  she left job for 5 months 58000*5=290000.00-190000.00= 100000.00 @ 10.3% 10300.00  I think exess deposit tax on 3064/- becouse i didnot she left job in five months. so that any campany tax liabilty on salary estimated.

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