Tds
This query is : Resolved
kottaramesh
(Querist)
18 July 2012
I get salary 2,40,000/-pa in my company.my company wants to deduct tds every month. can i know how much they deduct tds from salary every month.please give yours valuable information.
18 July 2012
1.Estimate taxable income for the total year ( total salary excluding allowances to the extent allowed and deduct available deduction )
2.calculate the total tax according to the slabs.
3.divide the result figure /12 .. = tds per month
2.calculate the total tax according to the slabs.
3.divide the result figure /12 .. = tds per month
Message likes :
1 times
CS ANAND RAVADA
(Expert)
18 July 2012
first you calculate the tax as per slabs then you plan accordingly.
Message likes :
1 times
kottaramesh
(Querist)
18 July 2012
Dear Sir,
iam not a senior citizen, i get salary Rs.240000 pa for FY 2012-13. Iam not get any allowances from my company.my company wants to deduct equal amount tds every month from my salary.I think F.Y. 2012-13 Exempt below Rs. 200000.
iam not a senior citizen, i get salary Rs.240000 pa for FY 2012-13. Iam not get any allowances from my company.my company wants to deduct equal amount tds every month from my salary.I think F.Y. 2012-13 Exempt below Rs. 200000.
CA BHARATH KUMAR
(Expert)
19 July 2012
First you provide full salary details (PF PT etc)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Rectification under processing even after 6 months cpc portal
- Capital gain on commercial property and investment in residential property
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Form 144 TDS Return Validation error
- Closer of business and itc of capital goods
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
