Tds on salary

235 views 1 replies

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

 

 

Replies (1)
Deduct TDS Rs. 30000/- per month from April to March.
income tax is computed on the estimated annual taxable income, the estimated annual income tax is then divided by the number of months applicable and TDS is deducted every month from salary payment.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details