Tds deduction from salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2012 Hi All,

i need to deduct TDS from salary of Employees. i have confusion like, should i consider the Net salary or Gross Salary for calculating the TDS. can anybody please tell me in details that , how can i calculate TDS on Salary as per the current IT slab rate???

@VaibhavJ

@VaibhavJ (Expert)
Follow

11 December 2012 Hi

You should deduct TDS on Gross Salary & there is certain exemption from Gross Salary.

Pl refer link for more clarity:

http://www.simpletaxindia.net/2012/10/how-to-calculate-tds-tax-on-salary-fy.html

For Tax Calculator:

http://taxguru.in/income-tax/tds-salary-calculator-financial-year-201213.html

Thanks//Vaibhav
Revert for more clarity.
Use thank button to convey your appreciation.

Message likes : 1 times

Ajay Mishra

Ajay Mishra (Expert)
Follow

11 December 2012 Hi

It will be on Gross Salary.

Go to the following link, it may help you:

http://taxguru.in/income-tax/download-automated-form16-financial-year-20112012-assessment-year-20122013.html

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!

@VaibhavJ

@VaibhavJ (Expert)
Follow

11 December 2012 Hi

For Individual Tax calculator you mat refer to following link:

http://finotax.com/itax/tdscalc.htm

Thanks//Vaibhav