Poonawalla fincorps
Poonawalla fincorps

TDS % on 92b

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(Querist)
29 January 2021 Dear sir,

our company's director taking salary every month variable amount, there is no fixed amount in a year.

month to month they taking different amount salary *( like 50000 or 60000) .

How much should i deduct TDS % on directors salary under 92B.

Kindly advice.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 January 2021 Consider 55,000(average) and deduct TDS monthly adjust for actual in April.
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R S Pandi

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R S Pandi (Querist)
29 January 2021 Thank you sir,
It means i have to deduct 10% TDS on their salary.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 January 2021 No, it's like this. Annual salary 55000*12.
Tax on annual salary, divide it by 12 and deduct the amount monthly.
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R S Pandi

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R S Pandi (Querist)
29 January 2021 THANK YOU VERY MUCH SIR

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