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TDS on Salary, Income Tax |
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TDS on Salary |
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Respected Sir, This is regarding the calculation of taxable Salary. One employee joined our company in May 2011@ Rs. 60000/- per month. He resigned on 1 March 2012. during his tenure he got short salary due to deduction of Leave, In Sept 2011 Rs. 56000/- and in November 2011 Rs. 54000/-. So we Consider his taxable Salary for TDS purpose like 60000.00X10 or (60000X8+56000+54000). What Amount we have show in our Company's TDS Return. Please Clarify. Best Regards. Pradeep kaushik Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Not the nominal salary but actual salary as per second formula.
Yes ..only the actual salary paid has to be taken into account.... Page: 1 Old Query - New Comments are closed. |
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