dear all,
have a query. if any person works in a company April to July l on what basis TDs to be deducted. his annually salary is 500000 per annum. TDS should be ? on 4 months salary or for whole 500000.
kindly explain the same with sections
Menu
TDS on salary
Replies (6)
TDS can only be on income earned during his service period.
take his investment details first
You are not required to deduct TDS (Employee 4 months salary Below Exemption Limit)
check whether he crosses d exemption limit or not
if yes den at what slab he is falling den deduct TDS according
as per Avg Rate
if yes den at what slab he is falling den deduct TDS according
as per Avg Rate
No need to deduct TDS for the 4months if his salary is not exceeding BEL...
Usally TDS on salary will be caluculated and deducted on projections of Anual salary, and actuals will be deducted on last monts of financial year.
Recent Threads
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
Related Threads
CAclubindia
