Dear all
if a employee gets follwoing salary:
basis--12000
Spl. allowance--4000
HRA---6000
Conveyane allowance---800
Total salary is Rs. 22800/- per month but if company holds 10% of the monthly salary as Variable pay so for TDS calculations 22800/- amount will be considered or 20520/-?
if esi is also applicable in the above case then after deducting esi amount will be considered or before deducting esi?
tds is deducted on the actual salary or net salary after deductions u/s 80c and so on..
and not on the amount which an employee is receiving out of the salary.
Similarly esi also wont effect the tds provisions
Ceiling limit for ESI is rs.15000/-, hence not applicable in this case
CA Suraj Garg & Associates
New Delhi
CA Final
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MANUJ SHARMA AND COMPANY
Noida
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Malhotra Rajesh & Associates
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B.Com
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CCI
Pro
CAclubindia
