Boss2966
Industrial Relations
Farukshaikh
Deputy Manager - Hr, Ir And Admin
Rajiv505
Chartered Accountant
Kamlesh31
Payroll Processor
Sushilphad@ymail.com
Sr. Executive Hr & Admin.
+5 Others

Thread Started by #munali_bansal

We hired some senior employees and their salary comes under tax. I want to know, Is it necessary that our organisation should take care for his salary tax and file TDS. While making salary slip Do I need to show his deduction.
27th December 2011 From India, Mumbai
Hi, It is mandatory by law that deduct all the taxes, deductions as per various laws, and mention the same in salary slip. Regards, sushil.
27th December 2011 From India, Pune
Munali, The company is libel to deduct tax at source, hence it has to do the other formalities.
28th December 2011 From India, Bhopal
Hi
Thanks for reply
But is there any formula to deduct tax..
For example I am giving CTC to one employee 8 Lakh pa
Now on what and how I can deduct his tax
Other question
Do I need to show his tax deduction in his salary slip
Thanks
Munali.
28th December 2011 From India, Mumbai
Dear Sir,
Please help me to how to set the salary structure to deduct less TDS from salary. How to deduct TDS From salary. What is the Formula to deduct TDS FRom SAlary
Regards
Vedvert Dalal (Executive HR)
29th December 2011 From India, Rohtak
Dear All, I have attached TDS calculation sheet for your reference.
30th December 2011 From India, Mumbai

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File Type: xls FARUK SHAIKH.xls (209.5 KB, 476 views)

Hi Faruk Thanks for giving this file.. I have one question for you. The perk should be included in CTC or its coming from outside of CTC. Would you explain me? Thanks Munali
30th December 2011 From India, Mumbai
Dear Munali i think you have to go through Income Tax Ready Reckoner, It can solve your income tax on salary problem. Regards Kamlesh Mehta
31st December 2011 From India, Pune
Dear Smilemanu?
In which Dept. r u working? r u working in HR or in Account Dept. Whn u joined ur organisation?
If u joined in the month of Jan-12 than previous Employee file returns till 2nd quarter, u have to file 3rd Qrt.
In the F.Y. there are 4 Qrty. e-filing ( 1st Fro 01/04/2011 to 30/06/2011, 2nd 01/07/2011 to 30/09/2011, 3rd 01/10/2011 to 31/12/2011, 4th 01/01/2012 to 31/03/2012.) if Salary TDS than it is form no. 24Q. He has save some file ext. name called *.fvu and *.txt.
U can find the software from NSDL site.
Kamlesh Mehta
15th February 2012 From India, Pune
kamlesh mehta sir,
Iam joined as a Accountant in software company, previous accountant submit the e-tds 1st & 2nd quarterly returns, i want to know the 1st & 2nd quarterly information(Deduction Details), previous accountant he brake the all information, i have only Tan No. & Pan No., how can i get the information.,
plse advice to me sir, how to submit the e-filing through RPU software,
plse told to me step by step
and how can i read the previous *.fvu files.,
& how to get the Previous Provisional Receipt Number (Quarterly Returns (1&2).
kindly advice to me sir
thanking u
15th February 2012 From India, Hyderabad
Hi everyone,
Does anyone have the latest guidelines on how to lease a car to employees
(as per Indian laws). I surfed a lot however did not find the sufficient details.
I would also like to know the pros and cons of leasing cars to employees from company point of view.
Can anyone help me drafting a policy for my company ?
Thanks a lot .
NBhansal
19th February 2012 From India, Nagpur
Hi, I am newly Joined one company. I am only doing ESIC. But i don’t about aware of ESIC. So I didn’t Guide my Employees. Please guide me. Regards J. Suresh
2nd March 2012 From India, Bangalore
Dear laxmansingh presuming that your gross monthly salary is 15000/-, pls find enclosed a salary structure with tax computations.
4th March 2012 From India, Gurgaon

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File Type: pdf PS.pdf (196.2 KB, 47 views)

Dear Mr. Rajiv
The Employer PF will be shown on CTC and not on Gross Salary. You may like to correct the same. Further the short forms Like MR, etc., may be given full expanded version, so that everyone can understand.
4th March 2012 From India, Kumbakonam
Dear Mr. Bhaskar
Thanks for the inputs..
You are right that Employer cont to PF is never shown as part of Gross salary although it is part of CTC.
I will correct that.
Yes, the abbreviations should have been avoided for better understanding.
appreciate your feedback.
Rajiv
4th March 2012 From India, Gurgaon
Hi to all Hope you are all doing great! I Need a file of Standard Deduction of F.Y 2012-13 (i.e, 80c, 80ccc, 80g etc.,) Please send file ASAP Thanks & Regards
9th April 2012 From India, Hyderabad
TDS means Income Tax deducted at source. So fundamentally, it is nothing but Income Tax only.
The difference necessary for understanding is that through TDS provisions, Government has ensured early recovery of Income Tax as it is deducted by employer while making salary payment and deposited with the government treasury.
Employee while filing I T R claims the TDS to be setoff against his/her Income Tax Liability.
Rajiv
21st April 2012 From India, Gurgaon
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