09 December 2014
1. Compute the Estimated Taxable Income of the employee for the whole year after providing all exemptions (HRA,etc.) & deductions (80C, 80D, etc.)
2. Compute the tax liability on the above income.
3. TDS per month shall be total tax liability/number of months
09 December 2014
you have to calculate the yearly salary and take investment declaration form from employee then you calculate the net tax liability and divide the tax with remaining month and deduct the TDS per month.
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