TDS on salaries

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srinivas (Querist)
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12 February 2011 I am working in a partnership firm as accountant and I have one doubt on deducting TDS on salaries for whom I have to deduct. pl. tell me the slabs and for all tds applicable items. That deducted amount when i have deposited in bank and when i have to file the return. pl. inform sir immediately.

N.Srinivas

B R Ramesh

B R Ramesh (Expert)
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12 February 2011 Hi

the TDS will be caluculated on take home salary per year on that tds will calculated P/a .

and to be paid every month on the 12/1 of the proportionete ratio.

the lab will same as IT slab as per the men, women & senior citizen.

you should the remit the tds every month before 7th in the bank. in challan 281.

and every qtr 15th you need to file the E TDS return in NSDL, karvy,etc.

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