Doubt On Tds Deductions - Doc Download

Dear All
I am a finance person and going to take over the HR activities, Kindly let me know How to arrive employees TDS amount in Begining of the year itself( Apr to Mar). and from which month we need to deduct TDS from their salary. should we get the declaration from each employees from the beggining itself?
Regards
Thiyagu
26th June 2008 From India, Madras

Dear we should take declaration in apr it self and after that we shuld start deducting from april onwards,however whose deduction is very less it can be deducted in later months. tks j s malik
27th June 2008 From India, Delhi

Dear Mr. G.Thiyagarajan,
Yes definitely you can ask for the declaration from the each employee.
Also you can calculate the annual tax liabilty of the employee on the average annual salary based on the current salary. You can finally calculate the final tax after a certain time frame, when all the details pertaining to their salary issues are finalised.
27th June 2008 From India, Delhi

Hi:
You can ask the employees about it through circulating the attached herewith format for submiting the saving details. You can start deducting the TDS according to their declairation in the form and end the year they need to show the supporting docs towards it. If they are unable to do so- that amount will be taxable for them.
27th June 2008 From India, Bangalore

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Savings details..doc (34.0 KB, 622 views)