Tds on rent and salary

This query is : Resolved

chandan pandey (Querist)
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19 April 2018 Dear all expert,

MY QUESTION IS RELATED TO TDS ON RENT AND SALARY
SITUATION IST: TDS ON RENT
AGAR RENT PER MONTH 60000 HAI TO RENT KI LIMIT 180000/- HAI AS PER TDS RATE CHART TO HUM 60000 PE TDS FIRST MONTH SE HI KATENGE YA PHIR HUM TDS FIRST THREE MONTH CHOD KE 4 MONTH SE KATNA START KARE AISA KRNA THIK HAI AS PER TDS RULE YA PHIR IST MONTH SE HI KATNA MANDATORY HAI AND AGR JISNE FIRST TWO MONTH KA RENT WITHOUT TDS PAY KRDIYA WO KAISE ISKO SHI KR SKTA HAI

SITUATION 2 TDS ON SALARY
AGR SALARY 80000 PER MONTH HAI EMPLOYEE KI TO TDS KITNA KATEGA AS PER TDS RULE PER MONTH

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 April 2018 1 TDS deductible from 1st month as yearly rent payable exceed 1,80,000. Interest payable for any late deduction.
2 Yearly tax payable calculated considering admissible deductions on the salary per month of 80,000 and divided by 12, TDS will be deducted from first month.

chandan pandey

chandan pandey (Querist)
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19 April 2018 how late interest calculate for three month of rent

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Guest

Guest (Expert)

19 April 2018 You need to calculate interest @ 1% for late deduction of tax from the date of deduction till date of deduction on monthly basis.