31 January 2011
our co. regd. on 19th oct 2010. so i have to calculated tds on estimated salary of april to mar only for finding whether person comes under taxable slab or from 19th oct to mar should i take actual salary upto now or gross salary and give applicable deductions total tds to deducted will be from 19th oct to mar 2011 but for finding taxable salary count from april to mar pls reply urgent
31 January 2011
For Salary TDS deductions the company need to consider the Taxable income of the employee for the total financial year. The company should obtain a statement from the employee in Form 12b about the income from previous employment and deduct TDS on his taxable income. All deductions including PF deducted, Prof Tax paid while previous employment tenure can also be considered.
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