We hired some senior employees and their salary comes under tax. I want to know, Is it necessary that our organisation should take care for his salary tax and file TDS. While making salary slip Do I need to show his deduction.
From India, Mumbai
Hi, It is mandatory by law that deduct all the taxes, deductions as per various laws, and mention the same in salary slip. Regards, sushil.
From India, Pune
Munali, The company is libel to deduct tax at source, hence it has to do the other formalities.
From India, Bhopal
Hi
Thanks for reply
But is there any formula to deduct tax..
For example I am giving CTC to one employee 8 Lakh pa
Now on what and how I can deduct his tax
Other question
Do I need to show his tax deduction in his salary slip
Thanks
Munali.

From India, Mumbai
Dear Sir,
Please help me to how to set the salary structure to deduct less TDS from salary. How to deduct TDS From salary. What is the Formula to deduct TDS FRom SAlary
Regards
Vedvert Dalal (Executive HR)

From India, Rohtak
Dear All, I have attached TDS calculation sheet for your reference.
From India, Mumbai
Attached Files (Download Requires Membership)
File Type: xls FARUK SHAIKH.xls (209.5 KB, 483 views)

Hi Faruk Thanks for giving this file.. I have one question for you. The perk should be included in CTC or its coming from outside of CTC. Would you explain me? Thanks Munali
From India, Mumbai
Dear Munali i think you have to go through Income Tax Ready Reckoner, It can solve your income tax on salary problem. Regards Kamlesh Mehta
From India, Pune
Dear Smilemanu?
In which Dept. r u working? r u working in HR or in Account Dept. Whn u joined ur organisation?
If u joined in the month of Jan-12 than previous Employee file returns till 2nd quarter, u have to file 3rd Qrt.
In the F.Y. there are 4 Qrty. e-filing ( 1st Fro 01/04/2011 to 30/06/2011, 2nd 01/07/2011 to 30/09/2011, 3rd 01/10/2011 to 31/12/2011, 4th 01/01/2012 to 31/03/2012.) if Salary TDS than it is form no. 24Q. He has save some file ext. name called *.fvu and *.txt.
U can find the software from NSDL site.
Kamlesh Mehta

From India, Pune
kamlesh mehta sir,
Iam joined as a Accountant in software company, previous accountant submit the e-tds 1st & 2nd quarterly returns, i want to know the 1st & 2nd quarterly information(Deduction Details), previous accountant he brake the all information, i have only Tan No. & Pan No., how can i get the information.,
plse advice to me sir, how to submit the e-filing through RPU software,
plse told to me step by step
and how can i read the previous *.fvu files.,
& how to get the Previous Provisional Receipt Number (Quarterly Returns (1&2).
kindly advice to me sir
thanking u

From India, Hyderabad
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