31 January 2011
thank you but i still have doubt should i take salary of previous employer on gross salary of employee or on net salary recd. by them & as biffurcation of salary provided by them(considering absentees also) - they do not have form 12b from previous employer 1) also many employees were not working for 2-3 months so i have to take estimate salary for that month also or leave it 2) our co. paid salary in cash in sept & oct but regd. from 19/10/2010 so would sept to 18 oct tds to be deducted or not pls reply urgent
31 January 2011
So from the above you will get, Net taxable salary & TDS thereon. Also, you got the amount already availed as deductions. Suppose, past employer has given the benefit of 70000/- under section 80C, then you will consider another 30000/- only for your estimate.
31 January 2011
Last : You will do the estimation of tax calculation on the basis of full salary (Full attendance) & deduct an equal amount of TDS each month. However, in the last month or in March, you need to recalculate your workings on the basis of actual attendance / actual receipt / actual TDS till date & then deduct the balance TDS in that month.
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