Tds on salary
This query is : Resolved
Sunil Kasotia
(Querist)
10 March 2016
Dear All,
How to calculate TDS on salary. If my Gross Salary is Rs. 65000/- P.M
Please suggest all process.
How to calculate TDS on salary. If my Gross Salary is Rs. 65000/- P.M
Please suggest all process.
10 March 2016
TDS is to be calculated on salary income normally as we compute salary income for filing of IT return. In your query you have not mentioned the relevant Assessment year. Gross Rs.7,80,000/-. Nothing mentioned about any allowances like HRA,Conveyance etc., Take interest on borrowed capital for house property. Consider Deductions U/s 80 C. But do not consider for TDS purpose the donations made which are eligible for 80 G deductions.
10 March 2016
https://www.caclubindia.com/forum/salary-its-meaning-how-to-calculate-tds-on-salary-easily-232338.asp
refer this link for detail discusion.
refer this link for detail discusion.
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