Dear All Can any one tell me that what is the process and Term & condition in TDS .? Also Division of CTC , different types of salary? Regards Vikas
From India, Noida
From India, Noida
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
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Dear JEEVARATHNAM Thanks for provide me suitable info . Can you tell me some information regarding to Limit & Conditions . Partitioned of TDS like that for understanding complete
From India, Noida
From India, Noida
Dear Querist,
I assume your query is only on TDS on Salaries. (Do you know TDS is also on various other payments made by your organisation like interest, rent, professional fees, payment to contractors and sub-contractors, transports, commission etc)
It is not only how to calculate, but also how to pay and how to file returns of TDS. You may be able to calculate with the help of the given link, in normal cases; but please appreciate that there are types and types of issues. e.g. Someone joins in between and wants you to include his previous employer's salary in the return or some one has some capital gains or someone has some other income / house property/ties and so on.
if you are uninitiated at these subjects you will end up on the wrong side of the law.
Better consult your tax consultants / auditors; understand the fundamentals or hire someone who knows.
A S Bhat
From India, Pune
I assume your query is only on TDS on Salaries. (Do you know TDS is also on various other payments made by your organisation like interest, rent, professional fees, payment to contractors and sub-contractors, transports, commission etc)
It is not only how to calculate, but also how to pay and how to file returns of TDS. You may be able to calculate with the help of the given link, in normal cases; but please appreciate that there are types and types of issues. e.g. Someone joins in between and wants you to include his previous employer's salary in the return or some one has some capital gains or someone has some other income / house property/ties and so on.
if you are uninitiated at these subjects you will end up on the wrong side of the law.
Better consult your tax consultants / auditors; understand the fundamentals or hire someone who knows.
A S Bhat
From India, Pune
Hey Hi , Vikas,
As much i am aware about the TDS , deductions , you need to first maintain the wage sheet accordingly , then u will be able to have proper criteria for the TDS deductionts as per the slabs decided by the Gov.. basically also inclusding gross income after tge deduction d the taxable income.
From India, Noida
As much i am aware about the TDS , deductions , you need to first maintain the wage sheet accordingly , then u will be able to have proper criteria for the TDS deductionts as per the slabs decided by the Gov.. basically also inclusding gross income after tge deduction d the taxable income.
From India, Noida
TDS circular.pdf
Format--new TDS rates.xls