EASYOFFICE
EASYOFFICE

Tds calculation on salary of employee for the month

This query is : Resolved 

25 January 2016 Sir,

IF SUPPOSE IN AN organisation one employee working since 2 years , his monthly salary is Rs. 35000.( basic - 25000, DA 10000), he also submitted his daughters education bill Rs. 32000 per annum, for LIC - Rs 31346 (includes 5 different plans eg. Bima gold, bima kiran, jeen tarang etc) and mediclaim policy (for self, spouse,daughter and parent) Rs 6829. Please calculate the TDS for him for jan 2016 and give different exemption and deductions so that for i can calulate for others

25 January 2016 IF he doesn't Declare his Previous Income than he is not taxable , his salary for 3 months is below the taxable limit.



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