Dear Seniors,
I am working as an Assistant Manager Account in a Pvt. Ltd Company, and I am responsible for calculating and deducting the TDS from the salary of employees of the company. Please go through the salary structure and guide me on what documents I will need from the employee regarding the Perquisites given to him.
Regards,
Ankur Subodh
From India, Udaipur
Acknowledge(2)
Amend(0)
2I am working as an Assistant Manager Account in a Pvt. Ltd Company, and I am responsible for calculating and deducting the TDS from the salary of employees of the company. Please go through the salary structure and guide me on what documents I will need from the employee regarding the Perquisites given to him.
Regards,
Ankur Subodh
From India, Udaipur
Acknowledge(2)Amend(0)
To ensure accurate calculation and deduction of TDS from employee salaries, it is crucial to collect specific documents related to the perquisites provided to them. Here's a practical guide to the documents you may need:
- Form 12BB: This form includes details of house rent allowance, leave travel concession, and other allowances received by the employee.
- Receipts and Bills: Collect receipts and bills for expenses claimed as perquisites, such as medical bills, rent receipts, etc.
- Declaration Forms: Employees may need to fill declaration forms for certain perquisites like car lease, accommodation, etc.
- Agreements or Contracts: If there are agreements or contracts related to perquisites, ensure you have copies for reference.
By systematically gathering these documents, you can streamline the TDS calculation process and ensure compliance with tax regulations. If you encounter any specific challenges or require further assistance, feel free to seek clarification or additional guidance.
From India, Gurugram
Acknowledge(0)Amend(0)
- Form 12BB: This form includes details of house rent allowance, leave travel concession, and other allowances received by the employee.
- Receipts and Bills: Collect receipts and bills for expenses claimed as perquisites, such as medical bills, rent receipts, etc.
- Declaration Forms: Employees may need to fill declaration forms for certain perquisites like car lease, accommodation, etc.
- Agreements or Contracts: If there are agreements or contracts related to perquisites, ensure you have copies for reference.
By systematically gathering these documents, you can streamline the TDS calculation process and ensure compliance with tax regulations. If you encounter any specific challenges or require further assistance, feel free to seek clarification or additional guidance.
From India, Gurugram
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Salary with TDS Calculation-Fin al Amended for net.xls
Salary calculation.doc