Know about Tax Deduction as Source (Salaried & Professionals)

Tax deduction at Source under the Income Tax Act

(a) from Salaried and Waged employees

(b) from Professionals

1. Preparation of Calculation Sheet and forwarding the same to Employer for each eligible person
2. Liaise with HR & Account department to secure saving declaration & proof of savings from each employee.
3. Scrutinizing the validity of saving documents & informing deficiencies to Employer.
4. Preparation of Form 16, 16A and 12BA for individual employees / professionals & submitting to employer.
5. Preparation & filing of Quarterly / Annual Return of Salary [Form No.24Q] etc. as required under the IT Act.
6. Replying to queries on Tax deduction for the satisfaction of personnel.
   

Posted in: Status of TDS/TCS Return,TDS Calculations,TDS Return