Easy Office
LCI Learning

Tds on salary

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 November 2013 GUD AFTERNOON TO ALL EXPERTS,
OUR COMPANY GIVE ADVANCE AGT. SALARY TO HIS EMPLOYEE.THEN I WANT TO ASK ONLY THAT CAN I DEDUCT TDS ON SALARY AT THE TIME OF ADVANCE PAID OT FINANCIAL YEAR END
THANKS
Profile Image

Manish Bhandari

Profile Image

Manish Bhandari (Expert)
29 November 2013 The best is compute his yearly salary and then on computed tax pay in 12 instalments. If not possible then at least in last quarter. In such case TDS on advance salary is not required. But if the advance is to a extent such as three months salary then it is better to safeguard your interest and deduct proportionate TDS.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
29 November 2013 If it is loan nature, you need to calculate only interest perquisite and add as income and deduct TDS accordingly
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links