TDS on Salary
This query is : Resolved
09 April 2009
Dear Experts,
Pl inform the rate of TDS on salary? What is the limit of salary when TDS is not applicable? Is TDS is applicable on gross salary or basic?
Pl inform the rate of TDS on salary? What is the limit of salary when TDS is not applicable? Is TDS is applicable on gross salary or basic?
09 April 2009
For the purpose of tds on salary there is no rate fixed like any other tds sections.
You have to project the salary for fullyear and allow all dedcutions and consider the proposed investments.
On net taxable salary arrived by you you have to calculate the tax on the same and divide by 12. You will get monthly deduction. The same should be deducted.
You have to project the salary for fullyear and allow all dedcutions and consider the proposed investments.
On net taxable salary arrived by you you have to calculate the tax on the same and divide by 12. You will get monthly deduction. The same should be deducted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Gst input for FY 23-24
- Tax on capital gains revoked us 54f
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
