23 November 2012
in a private ltd. company we are paying salary to our employee as per beark-ups given below
Basic Salary-18000 HRA- 5000 TA & DA- 5000 Others-2000
CTC-30000
Employee has anuual savings of 100000.00 and above to that he is paying interest of housing loan expox. 75000 per annuam. do we suppose to deduct Tax from salary and if yes how much and from when. Ex- employee is drawing as above from the month of April 12
23 November 2012
No. TDS is not required to be done subject to however getting declaration / proofs (or both) from the concerned employee about 80C 1 lac and 24... interest on housing loan 75000
CAclubindia
