Note:-

Every employee have to submit a declaration in the beginning of the year in Form 12BB mentioning his HRA receipts and different savings and deductions

At the end of the year he submit actual bills

If he fills to submit bills, then tax is deducted in March

Q8.

Particulars Amt Remarks
Basic Salary 40000  
Lunch Allowance 4000  
Transport Allowance 2500 (No Bill Submitted)
Children Education Allowance 4500 (1500*3 children)
Variable Pay 30000  
HRA 15000 (He had given declaration that he would submit Rent receipts by march of 18000 but in March had failed to do so)

CALCULATE  TDS from April to Feb and in March

View Answer

Q9.

Particulars Amt Remarks
Basic Salary 40000  
Lunch Allowance 4000  
Transport Allowance 2500 (No Bill Submitted)
Children Education Allowance 4500 (1500*3 children)
Variable Pay 30000  
HRA 15000 (He had given declaration that he would submit Rent receipts by march of 18000 but in March submitted only of 13000)

CALCULATE TDS from April to Feb and in March

View Answer

 

  1. Tax Practical
  2. Practical Payroll (TDS Salary,PF,ESI)

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.