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TDS - how to calculate while processing the payroll. What is the slab. How to deducted. No one explain about TDS deduction. Employees asking HR department only but accounts department calculating and deducted. Please explain.
From India, Pune
Hi Jagan,
TDS deduction will have to be done only by the Accounts/Finance/Payroll only which is to be supervised by the Authorised Signatory who will use the 'digital signature' made available for this purpose to issue Form 16 & Form 16 A.
However everyone be he/she in taxable bracket or not should know 'how to calculate' Taxable Income and TDS/IT, Tax planning etc. for one's own knowledge.
Attached material will help you to gain knowledge on the subject. Also you can use the Excel sheet attached to this link to work out automatically all the requirements you would need for the current year IT.
https://taxguru.in/income-tax/salary...2018-2019.html

From India, Bangalore

Attached Files
File Type: docx ALL ABOUT INCOME TAX FINANCIAL YEAR 2018-19.docx (28.7 KB, 103 views)

Dear All, Can anybody share a paysheet of income tax 2018-2019 of employees and request for how to submit of all income tax deduction on on line.

can anybody share a format of 2 018-19 pay sheet tax deduction please

Pl.Use the following links -
https://taxguru.in/income-tax/salary...2018-2019.html

From India, Bangalore
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