Pls let me know how to calculate TDS n on what basis is it
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Answer Posted / sg
TDS IS TAX DEDUCTED AT SOURCE.
BEFORE GIVING SALARY IT WILL DEDUCT FROM EMPLOYEES BY EMPLOYER
FIRST ,EXPENSES A/C...DR
CREDITOR
SECOND,CREDITOR A/C...DR
TDS DEDUCTED ON EXP(TDS DUDECTED)
THIRD,CREDITOR A/C ....DR
BANK(REMAINING AMOUNT PAID TO CREDITOR)
FOURTH,TDS PAYBLE...DR
BANK(PAID TDS RETURN)
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