Dear All,
1) I wanna know about the TDS on Salary. How TDS is deducted & deposited on salary. What forms are used in TDS on salary? I would be grateful if you tell me TDS on salary with the calculation of any example.
2) I wanna know about the TDS on Non-resident.
Thanks & Regards.
TDS on salary is applicable if salary paid to individual is in excess of basic exemption limti appliable to that individual for the assessment year,
TDS on salary is deductible in the month of payment and shall be depostied by 7th day of the month in which TDS is deducted,
For salary Form no 16 is used.
Hai..............
Good morning............
Welcome to this forum.....
As you know there is tax on salary amount with the income tax slabs.But to calculate the income tax on salary is always a difficult cause as it inculdes a lot of complexities like salary has very wide concept including basic,travelling allowance,dearness allowance,medical expenses and so many things. Calculating tds on each item and then calculating it is very hard so there is a excel based calculator which work very fine on calculating the tds on salary.
To calculate the TDS on salary simple download the calculator excel based
To download the calculator go to
DOWNLOAD CALCULATOR
Have a nice day......
Thank you for sharing with us.....
regards ,
phe9oxis.
https://www.guidebuddha.com
agree with bhavin
For this you have first of all read the chapter Income from salary in the income tax paper then you will definately understand this whole concept.
CAclubindia
