Tds on salary

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Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2012 I want to know tds calculation on salary.gross salary is Rs 350000 pa.and is it quarterly deducted or at the end of the year

Regards
Chandan

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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22 August 2012 Tax is deducted when salary is paid to you if it is monthly then monthly deduction if qtrly then qtrly deducted.

calculate tax on your income for the year based on the best avaialable info divide it with 12 if TDS is to be ascertained for 1st month. If TDS is to be calculated during year then total tax for the year less TDS already deducted and divide the tax by balance number of months.

hope this will clarify

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