Hello Sir
Could some one Please advise Is TDS calculation on Salaries based on Fixed Salary or based on Payable Salary (Excluding LOP days)
Thanks
Rajesh CH
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6175 Points)
Replied 27 January 2025
This is because LOP days are not considered part of the employee's taxable salary income.
*Step 2: Calculate exemptions under Section 10 of the Income Tax Act. -
Step 3*: Reduce exemptions from the gross monthly income to arrive at the taxable salary income. -
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