Procedure of Tax Deduction like TDS, Form 16 and paying to Government

Wagonsoft Solutions Pvt. Ltd.
Hi Everyone, Greetings of the Day!
This is Kritika Rawat, HR Executive at xxx Solutions Pvt. Ltd.(working from last 3 months). I am seeking for knowledge in the procedure of Tax Deduction including Income Tax File, Tax paying to Government, Form 16 and Tax Return.
My Ques are:
1. How do we start the process. (we have TAN number)
2. How to pay Tax of employees to Government?
3. What is the format of Form 16, When we should pay it to employees and does it need any government stamp?
4. How to fill Income Tax Return?
Please If you can give me brief practical knowledge about above things so it would be easy for me to pursue it in my company.
Thanks in Anticipation
Kritika Rawat
jeevarathnam
Hi Krithika
TDS & anything related with income tax is handled by Finance/Accounts department. If still you have to deduct how will you calculate and deduct? Do you know the entire calculations of TDS? Any assistance you can reach me
vmaurya
Hello Krithika you should purchase books "The Essential of payroll management" its is very helpfull hand book of payroll Processing and its fullfill all payroll processing steps. I am sending a link you can purchase book from there http://www.iptm.org.in/
Wagonsoft Solutions Pvt. Ltd.
Thank you for your kind reply.
@JEEVARATHNAM Hi sir Actually for now i am taking care of Accounts work for my company so i know how to deduct tax from employees salary but i do not know how and when to give TDS certificate to employees? When and how employees can take return by filing return in Income Tax Department.
@VMAURYA Thank you so much for suggesting me the book i will buy it for my help in payroll management.
yrshirke
Dear Friend ,
TDS is not fall under HR .It is separate subject . Mainly Finance & Accts Dept. who are qualified and experienced under TAXATION subject , they take care .
Regards
jeevarathnam
Hi Krithika
If you want to receive the TDS certificates you have to submit the periodical TDS returns after deducting the TDS & remitting to the Income Tax Department.
Wagonsoft Solutions Pvt. Ltd.
Thank You All for the Information. It is such a help and also thank you for showing concern.
Actually i was getting confuse in TDS term but i have researched and from your help i am clear about TDS now.
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