Tds

This query is : Resolved 

31 October 2013 If we deduct TDS on salary for 6 month then how much we calculate of investment (Deduction)???only six month or full year???

Example:-
One employee join from 1st october and we mention salary october to march and LIC & other deduction is 1,00,000/- for full year the how we mention deduction 1,00,000/- or 50,000/-

31 October 2013 for full year. it doesnt matter whether u work for a day or for a year, deduction under chapter VI/ section 80c is fully available.

31 October 2013 Agree with Nikhil Bhai,
Deduction U/S 80C will be allowed for full year.. i.e 100000

Itna to reham karegi Income tax department warna banda tax dete dete mar jayega...



31 October 2013 @Aryan ....lolz

26 November 2013 thanks......



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