Tds calculation

This query is : Resolved

Nitin Nagar (Querist)
Follow

19 May 2015 Hi Experts,
my annual salary is 264000.
My employer instead of p.f deduct 10% of 22000 (monthly salary per month and refund it at the end of financial year with a interest of 10% p.a.
please help me to calculate TDS per month.

regards

ALOK GOEL

ALOK GOEL (Expert)
Follow

19 May 2015 your question is not clear in regards to PF .
Suppose your employer credit in your salary 2200+ 220 (10% of per Month salary with 10% pa interest ), then whole amount of 2420 x 12 months + 264000 is taxable.

The employer should SUBMIT this pf amount to govt. PF fund then you can get 80CC benefit.

regards

alok goel