PROCEDURE AND PROVISIONS FOR TAX DEDUCTION (TDS)FROM SALARY
Under Section 192, the employer or disbursing officer is required to deduct income-tax while making the payment of salary during financial year in cash/cheque to the employees, at the rate of the income-tax applicable to the individuals for payment of advance tax for that Assessment Year. Calculate Tax by income Tax Calculator
TDS paid by employer on behalf of Employee
An employer may, at his option, pay tax on behalf of an employee, without making any deduction from his income, on any income in the nature of perquisites. The tax payable on perquisites shall be computed on average of income-tax payable on income under the head ‘salary’ including such perquisites. The tax so paid shall be deemed as T.D.S.
TDS on Monthly Basis
Tax should be deducted every month on the estimated income under the head’Salaries’ for the financial year by dividing the estimated tax by 12 and rounding off to the nearest rupee.
Where and how to Deposit ?
The tax so deducted should be desposited with the Govenment Treasury within one week from the last date of month in which tax is deducted(in case of deduction of tax by or on behalf of the Government, it should be deposited on the same day) in challan No. 281. Tax on perquisites borne by the employer u/s 192(1A) should also be deposited into the Govenment treasury within on e week from the last day of each month (in case of payment on behalf of Govenment, it should be deposited on the same day), in challan No. 281.
If Employee Resigns
An employee resigns or otherwise leaves the service, tax shall not be deducted from the future salary, only the salary due and payable upto the date on which he leaves service shall be considered.
TDS Certificate for Salary
After Tax Deduction at source the employer shall issue TDS Certificate on 30th April. So that an employee can Claim refund accordingly.
Form 16AA : In case of individuals having gross salary (before standard Deduction etc.) up to Rs. 1,50,000.
Form 16 : In case of other salaried employees
Form 12BA: Form 12BA is
required to be attached with form 16 if salary is more than 150000 and perks has been provided to the employees ,stating detail and value of the perquisites provided to the
employee.
Also Check How to Deduct TDS On Salary Step by Step
Related posts:
- How to Deal TDS Provisions When Salary Receive from More than One Employer ?
- Some Ways to Reduce TDS on Salary
- Save Maximum Tax on Salary by Simple Salary Framework
- Claim Exemption on Salary Components
- How to Deduct Tax at Source (TDS) on Salary Step by Step
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{ 40 comments… read them below or add one }
HI,
i have little confusion on TDs on Salary..as per A/y 2009-10
if the employee getting salary of Rs 170000 and he is a male..it is liable to Deduct TDS,,
Thanks and Regards
Anil
Hai,
For this fiancial year ( 2009-10) whether employee housing loan repayment elibility is their or not? ( Capital + interest) . If there is a provision, please send the details
Hi
I want to know whether TDS is deducted on the wages earned in a particular month ie April salary paid in May and TDS is deducted in April itself. One set of people mention TDS is to be deducted only on the month in which wages is credited / received ie April salary paid in May and TDS deducted in May only
Which of the above is appropriate
Dear all,
I am working on Contract for a Private company and following are the details of my monthly Salary. Please let me know how optimum I can invest if Income Tax not required to deduct. I would like get reimburse the TDS monthly which is getting deducted after return file for the year 2009-2010.
Basic 22500 FTM 18836
HRA 11250 ProfTax 200
Flexi 38550 PF 2700
Total 72300 Total 21736
Total salary (72300) – Deduction including TDS (21736) = 50564.00
Net = 50564.00
regards
Datta
what is the last date of submission of Form27C ? Can we send it through courier or registered post and in that case what is the last date ?
Dear Sir
I am post in Accountant, so i know about that how calculate to basic.HRA,CA,OA from Gross salary which has been paid to employee by the employer so i request to that pls help me.
Thanking You
Lavesh Kumar
My questions for TDS deducted on contractual employees (Individual), i am facing the problem during the deducting TDS,
For Example
one emp. has payment 16000/- CTC
for one month i paid him 5161/- on the basis of no. of working days but TDS not deduted.
is this right which i hv done
PLS
SIR IHAVE REQUIDER IN TDS DEDUDCTION RATE OF SLARY CONTRACTOR SERVICE TAX ,FBT SCRAP ,RENT, INCOME OF DUDCTION
hi…
i have to ask that …i m working in an associate firm.
my salary is 10,000 p.m .
please let me know how much % TDS should be deducted on my salary
per month as per rule.
thanking you
aditi deshpande
What is the last date for filing salary return for companies.
After deducting of TDS in how much time is available for payments or days / month.
full detail procedure of tds on salary with example
hi
i want to ask question, what is tds and how to deducte in salary with exampal
On Indian Railways, the Bill Drawing Officer and Disbursing Officer are not one and the same. Typically, the BDO is Personnel Officer and the later is Accounts Officer. Please let me know the responsibility of each of the officer in respect of Assessing Income Tax and arranging for deduction in the salary bills and then remitting the same to Income Tax Head.
Regards,
Ramesh
Sir,
I have joined in a company in december and its my first job. I want to ask that for this assessment year my TDS would be deducted or not. My salary is Rs. 16000. for 4 months that is from December to March my salary is below the taxable limits
After my retirement in a PSU, I have joined as a consultant in a private company (MNC). My fixed salary is 35000/PM. How much % they cut for TDS
Regards
T.S.Rao
Sir,
I have joined in a company in december and its my first job. I want to ask that for this assessment year my TDS would be deducted or not. My salary is Rs. 16000. for 4 months that is from December to March my salary is below the taxable limits
Total Salary-24000
Basic-%?
DA-%?
HRA-%?
Con-%?
Medical Allo-%?
TDS-%?
Please provide me procedure of deduction TDS on Salary.
My husbands sallry is Rs. 19000 so it is liable to Deduct TDS,,
tell me the proedure of tds calculation
Pushpanjali Patil
Total Salary-20000
Basic- 19020
P.F.-780
P.T.- 200
TDS-?
Total Salary-20000
Basic P.F. P.T. TDS
19020 780 200 ?
hi…
i have to ask that …i m working in Private Company
my salary is 10,000 p.m .
please let me know how much % TDS should be deducted on my salary
per month & per year as per rule.
thanking you
Bala
Hello,
Could you please clarify how much percentage of TDS will be deducted for the consolidated pay of Rs.12,000/- per month?
It would be nice and better if you provide the complete details in easiest manner.
Thanks in advance,
Raj.
hi…
i have to ask that …i m working in an associate firm.
my salary is 11,000 p.m .
please let me know how much % TDS should be deducted on my salary
per month as per rule.
thanking you
aditi deshpande
One of our employee is working in our Dubai br office ( status is non resident) He is doing the job of execution of orders only. The co set up is india & controlled in India. We are paying salary to him wheather his salary is taxable ? please advice if possible give us section no also
sunil
hello sir,
please tell me procedure of tds on salary on all package of salary please help me sir
Sir,
I have joined in a company in july 2009 and like a contract basis. I want to ask that for this assessment year my TDS would be deducted or not. My salary is Rs. 8000. for 6 months that is from july to janauary. my salary is below the taxable limits. Till december they had given full amount. but, in Janauary 2010 last month they deducted total 5243.00 rs in my salary. Now they are telling that they are deducted under Form 16A. please, help me. Iam totally confused & even astonished.
Thanking you,
paveen
Hi Praveen,
If you are on contract basis then you will be deducted @ 2% of the monthly remuneration which will be Rs.160/- p.m. Totally you will be deducted Rs.960/- for a period of 6 months.
Hope this helps you.
Regards
Praveen
Dear Sachin,
In your case there is no TDS deduction. Since you dont fall into that category.
Enjoy!!!
Regards
Praveen
Hi Pushpanjali,
Frankly speaking there wont be any deduction for Rs.19,000/- p.m. The above statement holds good if you are paying a rent of Rs.5000/- atleast or any investment which has an exemption of 80G.
Hope i have answered your query.
Regards
Praveen
sir, i request to that how calculate the TDS on Salary with example.
asume i received 15000 Rs. I not HRA Received But pay Rent 3500
how HRA Taxable
i m working in a pvt school,working in a contract.My employer is deducting 10% of my salary as tdshowever my slary (9900 p.m)doesnt comes in taxable slab.Kindly advice me hw to get this resolved at the earliest
sir, please help me on payment made to nri coming from thailand for 65 days and we have to pay salary as per their employment terms so what are the provisions of tds and to which section it relates and we also have to pay daily allowance of 25$ for 65 days
Hi,
I am working in a private company. My salary is 18000/-. How can we split up salary by which we can reduce the TDS???
Please advice….
I am working in construction company.there are three director in my company thier salary 85000/- per month .deducting tds on remuneration 35000/-per month .pl tell me the calculation method of Tds on remuneration.
vinod mishra
please tell me about tds on salary calculated
Dear All,
I want to know that if two months salary is paid in month month then when we need to deposit the tax.
I will elaborate :-
1. If we have paid April Salary in 05th May and May Salary is on 31st May then what is the Tax Deduction date ??
2. If we transferred the salary (In Tally in his Imprest A/c) to individual a/c on 30th April And 31st May and Paid on 05th May and May Salary is on 31st May then when we have to deposit Tax.
Hope to get a reply from somebody soon………
Thanks,
Regards
Sandeep
Dear sir,
I have the monthly Salary of Rs.10000.00 .
So, i am liable for TDS or not?
because as per the terms & conditions ( For Female ) Yearly Salary of Rs.180000.00 is under exemption for TDS .
Dear Sir,
Please help me,the tax liability of this person total salary Rs 290000/-,
Dear Sir,
Please help me,the tax liability of this person total salary Rs 290000/-, Conveyance paid Rs. 11400/-, profession tax deducted Rs.2500/-, total investment Rs.49498/- how much TDS to be deduct from his salary for F.Y. 2010-2011
Regards,
Jayadev Mathan
Accountant
For Narmada Offshore & Tech. Ser. Pvt. Ltd