if the company deduct 10% as a retention amount in gross salary whole year and paid only 6 month retention in this year and rest 6 month retention pay in next year . so how to calculate tds on salary. exp: gross salary 40K 10% retention 4 k net payble salary 36 K
we are calculate tds which amount . please me best answer . thank you.
Guest
Guest
(Expert)
29 May 2015
TDS is deducted on payment basis as per section 192.. So TDS is deducted on 36K...
Querist :
Anonymous
Querist :
Anonymous
(Querist)
29 May 2015
so we are calculate tds on 36k . not 40 k it right.
29 May 2015
ok thanks , i have a query if the company deduct retention Oct to September . suppose company deduct retention oct 2014 to sep-2015 . and com paid retention amount in oct 2015. so we can show retention amount in oct salary . and we can ad retention amount in oct salary payment .
Querist :
Anonymous
Querist :
Anonymous
(Querist)
29 May 2015
please rachit ji giveng the answer .
Guest
Guest
(Expert)
29 May 2015
Show retention amount in the month of payment.