Tds On Salary - Leave Encashment

accounts

hi to all
pls suggest me that company is liable to deduct tds if salary of a person is 19000 pm or if the total amount paid to employe in year is 242000.00 (salary+bonus+leave encashment)
tell me that tds can be deducted from salary or not.
if yes than tell me the total tds payable by company.
break up of salary 14000 basic + 2500 + 2500 (hra + convy.)
4th January 2010 From India , Chandigarh

S.V.Krishnan

IT department has made it mandatory on the part of the employers to deduct income tax compulsorily on the total payout made to an employee. TDS has to be made as and when the employer makes a payment towards emoluments under any category. The tax has to be dedcucted as at 31st March of the official Year and the FORM 16 should say that the tax due has been deducted in full. The employee will furnish the details of his tax plan for the Year and advise the employer, the extent of TDS to be made.
5th January 2010 From India , Madras

asiasmi

grass salary 300000 HRA 18000 so net salay 282000 Right or Rong grass salary 300000 HRA 18000 so net salay 300000 Right or Rong please detail this mater
8th January 2010 From India , Tiruchchirappalli

mayurkunder

Dear Kuldeep,
TDS is Deductible on salary as per IT Rules
I think if u are trying to figure our ur Tax Liability,then try this calculator from nithya avalable on the following link Nithya's Tax Calculator
15th January 2010 From India , Mumbai

sanjaysepco3

Dear sir,
Every one not giving Correct Answer, actualy He want to know How much Tax will pay to Goverment A/c on Behalf of Employee by employer ( If Income Tax paid on Salary by Employer) then How Much is Tax Amount?
13th March 2010 From India , Bikaner

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