Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2011 Miss A has joined the company in nov. with salary of 36000/- PM, But in earlier company she was geting 30000/ pm. please help me how to deduct TDS on Salary. Should I ask Salary Certificate of previous co. or should i take 432000/- pa & calculate tax annual basic. deduct according to that.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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10 December 2011 You deduct TDS on the salary paid by the company only need not to consider other companies paid salary and deducted TDS.
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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 December 2011 You should ask him to submit the details of Income from Salary and TDS deducted thereon from previous company. After taking all these into consideration you should calculate his/her tax liability and deduct TDS.

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anurag

anurag (Expert)
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10 December 2011 Providing details of salary received previous employer is optional and not mandatory for the employee.
if u have no other information than u have to deduct tds on salary from nov only.

Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2011 Thanks Anurag Sir,
But on what basis I have to deduct, earlier she was having 30000/ pm now she is having 36000/- pm

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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15 December 2011 Gross paid by you for the year is consider for tds purpose. If you paid 36000 then you deduct on basis of Rs.36000 you forget about the drawn at the previous employer if you required clear then ask her to submit the certificate regarding the salary draw from the previous employer for the year but it is optional not mandatory. You don't want to do tds on the previous employer's salary then deduct tds on the payment of the salary by you. i.e on Rs.36000 basis don't get confusion above expert is clear.
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