Dear All
Below are the salary details -
Monthly Salary - 20 Lakhs
Quarterly Incentives - 5 Lakhs
Annual Tax on Monthly Salary - 290000, Monthly Rs. 24000
Annual Tax on Quarterly Ince. - 72000, Quarterly Rs. 18000
Annual Tax on Total Salary - 362000, monthly Rs. 30000
For TDS, should I dedcut Rs. 24000 for April and May each and For June Rs. 42000 (24000+18000).
Or should I deduct TDS Rs. 30000 from April to March monthly?
Thanks & Regards
Abhijit
CAclubindia
