When preparing the quarterly return for TDS on salary - in Annexure I - do I have to enter the salary of each month in a separate row? If I am preparing the return for Quarter 1 (April to June), then in Annexure I - for employee ABC, should I enter month-wise details - three rows for employee ABC, or do I have to enter the total salary for (April to June) in one row?
Taxable Amount Query
Another query is, the taxable amount on which tax is deducted - what should I enter here? Should I enter:
1. The total of allowances - (conveyance + PTax), or
2. The total of allowances?
Thanks in advance,
Mike
From India, Pune
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Taxable Amount Query
Another query is, the taxable amount on which tax is deducted - what should I enter here? Should I enter:
1. The total of allowances - (conveyance + PTax), or
2. The total of allowances?
Thanks in advance,
Mike
From India, Pune
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Annexure 1: Break-up of Challan Details
1. Annexure 1 should present the break-up of the challan details provided in the Challan worksheet. If there are three TDS challans in a quarter (one for each month), Annexure 1 should present the TDS break-up across employees for each challan. Hence, in this case, you have to enter TDS for each month in a separate row. In other words, if an employee has TDS deductions for all three months, his record should appear in three rows (one for each challan).
Taxable Amount for TDS Deductions
2. The taxable amount on which tax is deducted should contain all components of all taxable salary paid (before exemptions). This is not net of conveyance + PTax.
Regards
From India, Madras
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81. Annexure 1 should present the break-up of the challan details provided in the Challan worksheet. If there are three TDS challans in a quarter (one for each month), Annexure 1 should present the TDS break-up across employees for each challan. Hence, in this case, you have to enter TDS for each month in a separate row. In other words, if an employee has TDS deductions for all three months, his record should appear in three rows (one for each challan).
Taxable Amount for TDS Deductions
2. The taxable amount on which tax is deducted should contain all components of all taxable salary paid (before exemptions). This is not net of conveyance + PTax.
Regards
From India, Madras
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