Hi all, Can anybody help me to know that "how the TSD calculation could be done. It could be on Monthly base, quaterly bases and yearly bases. And which is the best practice to use"????????????
From India, New Delhi
2From India, New Delhi
Hi Richuka,
Please refer to this site GreytipOnlineWiki: Income_Tax_Faqs . This has information on how Income Tax is computed and also information on some of the common terms used and reports that are needed. Hope it helps.
Regards
Girish
Please refer to this site GreytipOnlineWiki: Income_Tax_Faqs . This has information on how Income Tax is computed and also information on some of the common terms used and reports that are needed. Hope it helps.
Regards
Girish
Hi Richuka, Atached herewith the same for your reference. Thnx & regards Bala Panmand
From India, Mumbai
From India, Mumbai
in the case of salaries you should calculate the income tax as per IT act and same you dedcut from salary in the case of sub contractors and others TDS rate Chart available search in google
From India, Gurgaon
From India, Gurgaon
TDS is deducted at the time of payment or at the time of crediting the amount which ever is earlier.
The rates of deduction are given in the Income tax.
The amount so deducted has to be deposited within stipulated time in the bank.
TDS returns are filed quaterly.(details of all TDS deposited during the period)
Form 26 Q for non-salary
Form 24 Q for salary
From India, Delhi
The rates of deduction are given in the Income tax.
The amount so deducted has to be deposited within stipulated time in the bank.
TDS returns are filed quaterly.(details of all TDS deposited during the period)
Form 26 Q for non-salary
Form 24 Q for salary
From India, Delhi
TDS is Tax deducted at Source. Income Tax Act stipulates for deduction of tax at source at the time of making payments to vendors including employees. The act also stipulates the rates at which the deductions are to be made. The mainpoints of the legal provisions have been compiled by me in an excel sheet and the same is enclosed. Howevver the other two enclosures already contributed by two friends are also useful. But I like to add that the legal provisions in the Income Tax Act may please be consulted to know about the nighty grity.
Please go through the Work Sheet named 2009-10.
From India, Calcutta
Please go through the Work Sheet named 2009-10.
From India, Calcutta
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