Tds on salary - tax exemption - fy 14-15

Tell Your Employeees to fill Investment Declaration Form with proof that will help  you to deduct tds frm salary

@ Arpit shah

Sir,

Thanks for the info, But how to go further after receiving the filled information from the employees on the declaration form.

Thanks in advance
 

Hi

Did you collected Investment declaration in the beginning of the year for HRA/Home Loan/80C etc??

@ Vaibhav J

NO we havent collected investment  declaration at the beginning of the year.

Collect It And Less Tds As Employee who is eligible in tax Liability 

Originally posted by : Jeff
	@ Vaibhav J NO we havent collected investment  declaration at the beginning of the year.

so it means you have not followed IT rules, also i assume you must not be deducting TDS every month??

Pls share your company policy to guide further.

Thanks

Genrally you need to collect actual bills & validate its authenticity and grand exemption against Taxable income of an employee..

You first shortout employee list you below or above tax liablity 

then collect declaration form and deduct tds frm them.......

@ Arpit Shah,

Shortlisting has been already done as per tax liability.

@ Sahil Bhatia

TDS software - We used RPU & FVU provided by NSDL . But i couldnt find the salary details option , and will i have to update the details  for Q4 ?

Plz read the attached file it will clear all your doubts