4Dear All,
Could you please tell me how eo calculate the TDS for the employees.
I have been working on PAYROLL since 4 years but this part has been maintained by the accounts department. But now I need to learn the formula /slab completely to calcuate the TDS especially while calculating SALARY including permance based incentives in a IT firm.
reply soon.
91 9247744980
From India, Visakhapatnam
Dear Balaram
Click on the link given below , which is created by Mr, Nithyanand which will help you to calculate the income tax on salary
http://ynithya.com/
Regards
Vijay
From United Kingdom, Kettering
Click on the link given below , which is created by Mr, Nithyanand which will help you to calculate the income tax on salary
http://ynithya.com/
Regards
Vijay
From United Kingdom, Kettering
Dear Balaram,
The best way to learn how to deduct TDS from your employee's salaries in your case would be to sit with your accounts people while they calculate the TDS amounts for a few employees and then you learn the same to do it yourself.
Else you can visit the Income Tax Department site to download the income tax description sheet to calculate the exact income tax for each of your employees and then deduct the same from their salaries.
Regards,
Samba Siva.
From India, Hyderabad
The best way to learn how to deduct TDS from your employee's salaries in your case would be to sit with your accounts people while they calculate the TDS amounts for a few employees and then you learn the same to do it yourself.
Else you can visit the Income Tax Department site to download the income tax description sheet to calculate the exact income tax for each of your employees and then deduct the same from their salaries.
Regards,
Samba Siva.
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Pay Roll Easy to use.xls
Pay roll in sap.pdf