I am working in pharmaceutical company as a HR executive. Before me there was no HR. Thats why no policies were also followed. We have more than 20 employees. Now i am making salary sheet, salary slips. My question is for TDS. Last month our MD, deducted 10% TDS for few employees without taking any proof from the employees. Now the employees are asking me what deductions we have done. Can anyone help me. At this point what should i do?
From India, Pune
Step -1 - Find out taxable gross income of all employees.
Step-2 - Collect tax savings documents from the concerned employees
Step-3 - Calculate net taxable income considering tax savings document and the net tax.
Step-4 - For Fin yr 2019-20 only 4 months are left. Make proper plan for deduction and start deducting TDS from Dec,2019 salary.
S K Bandyopadhyay ( Howrah, WB )
From India, New Delhi
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