Suppose if an emlpoyee joins the company in the month of 15th April with a monthly salary say Rs. 25000 then shud i deduct TDS on monthly basis or on quarterly basis by making estimation of his income for whole year???? ie: 25000*12=3Lacs less deductions etc=Total tax liab/12 months?
shud i start to deduct TDS from APril months onwards???
When i will demand Investment declaration from the employee???
what if there are some hike/revise in his salary package???
Requesting all of u experts pl. clarify the above queires with an example i shall be vry thankful to u.
CAclubindia
