TDS/Salary
This query is : Resolved
30 June 2022
hi,
my question is, suppose a person joins us in september'21 and stays till now so when we make his/her form 16 then we sud give standard deduction (of Rs. 50k)on pro-rata basis or fully?
my question is, suppose a person joins us in september'21 and stays till now so when we make his/her form 16 then we sud give standard deduction (of Rs. 50k)on pro-rata basis or fully?
30 June 2022
Standard Deduction of INR 50,000 is set by default. Thus, the application of Pro-rata basis doesn't arise.
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01 July 2022
you have to consider his full year of income (Including Previous Employer) and then compute tax allowing full 50000 standard ded. and then deduct TDS Accordingly.
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