Dear All,
I am a finance person and am going to take over the HR activities. Kindly let me know how to calculate employees' TDS amount at the beginning of the year itself (Apr to Mar). From which month should we deduct TDS from their salary? Should we get the declaration from each employee from the beginning itself?
Regards,
Thiyagu
From India, Madras
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I am a finance person and am going to take over the HR activities. Kindly let me know how to calculate employees' TDS amount at the beginning of the year itself (Apr to Mar). From which month should we deduct TDS from their salary? Should we get the declaration from each employee from the beginning itself?
Regards,
Thiyagu
From India, Madras
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Dear we should take declaration in apr it self and after that we shuld start deducting from april onwards,however whose deduction is very less it can be deducted in later months. tks j s malik
From India, Delhi
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174From India, Delhi
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Dear Mr. G. Thiyagarajan,
Yes, definitely, you can ask for the declaration from each employee. Also, you can calculate the annual tax liability of the employee based on the average annual salary. Finally, you can calculate the final tax after a certain time frame when all the details pertaining to their salary issues are finalized.
From India, Delhi
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Yes, definitely, you can ask for the declaration from each employee. Also, you can calculate the annual tax liability of the employee based on the average annual salary. Finally, you can calculate the final tax after a certain time frame when all the details pertaining to their salary issues are finalized.
From India, Delhi
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Hi,
You can ask the employees about it by circulating the attached format for submitting the savings details. You can start deducting the TDS according to their declaration in the form, and by the end of the year, they need to show the supporting documents for it. If they are unable to do so, that amount will be taxable for them.
From India, Bangalore
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You can ask the employees about it by circulating the attached format for submitting the savings details. You can start deducting the TDS according to their declaration in the form, and by the end of the year, they need to show the supporting documents for it. If they are unable to do so, that amount will be taxable for them.
From India, Bangalore
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(DOC - ESSPM) Employee Satisfaction Survey Process Manual.pdf
Declaration Form for Exemption from TDS.doc