Calculation of it 2014-15

This query is : Resolved

Vinodkumar (Querist)
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31 May 2014 For the F.Y 2014-15 CTC is 17Lacs. The company has splitted CTC into variable components for 3Lacs which is inbuilt.

I have submitted by Investment declaration to the company. Accordingly they have calculated my monthly tax payable.

The interesting point is that they have taken CTC 17Lacs for calculation but i will be receiving variable component pay every quarter.

What should I do ????

Can u please brief me in detail...
Thank U
Vinod

Nikhil Kaushik online

Nikhil Kaushik online

(Expert)
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01 June 2014 so what is the problem? company will deduct TDS as per the CTC and investment declaration. at each quarter end, there will be higher TDS.