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Deducting average rate of income tax every month from payment of salaries to Ap employees

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Deducting average rate of income tax every month from payment of salaries to Ap employees

File No.FIN02-15069/12/2022-E SEC-DTA
O/O Director of Treasuries and Accounts,
Andhra Pradesh: Amaravati Ibrahimpatnam.

Cir.Memo. No: FIN02-15069/12/2022-E SEC-DTA(Computer No. 1811365) Date:13/09/2022

Sub: Public Services – T&A(sub) Services – Statutory provision on section 192(1)
on deducting average rate of income tax every month from payment of salaries to employees -Instructions issued Regarding.

Ref: F.No.TDS Range/VJA/2022-23, dt. 9.9.2022, of the Addl. Commissioner of
Income Tax, TDS Range,Vijayawada.

Attention of all the DT&AOS, of the District Treasuries in the state
is invited to the reference cited. They are informed that as per Section 192 sub
section (1) of the income tax act, “- any person responsible for paying any
income chargeable under the head salaries shall, at the time of payment deduct
income tax on the amount payable at the average rate of income tax computed
on the basis of the rates in force for the financial year in which the payment is
made, on the estimated income of the assessee under this head for that financial
year”. If the section 192(1) is not followed by the DDO on the tax deduction on
salary payments, the TDS assessing officer may charge interest under section
201(1A) @ 1% per month or part of the month on such late deduction of tax from
the deductor.
Therefore, while enclosing the copy of the reference cited, I request all the
DT&AOS to communicate these rules of the IT department to all the DDOS
under your jurisdiction and instruct them for strict compliance.
Encl: As above.

Download proceedings 

*Dear tax payer know your monthly tax  with simple calculation*

*FY: 2022-23 లో మీకు ఎంత tax  పడుతోంది లెక్క వేసుకొని, నెలకు ఎంత tax pay చేయాలో కింది ఉదాహరణ ద్వారా తెలుసుకోవడానికి ప్రయత్నం చేయండి.*


*మొన్న addl income tax కమిషనర్ గారు Directorate of treasury వాళ్లకు ప్రతి నెలా , tax పడే employees/Pensioners లకు deduction చేసి at the same time , every quarter TDS చేసి ప్రభుత్వానికి జమ చేయాలని ఆదేశించారు…*


*Employees కి TAX  &TDS అయితే పూర్తి భాద్యత DDO లదే..*

*So చాలా మందికి ఎంత tax cut చేయాలో సరైన అవగాహన లేదు.  నేను నా కున్న అవగాహన తో వివరించే ప్రయత్నం చేస్తాను.  ముందుగా సంవత్సరం ఆదాయం గణించి, tax ని అంచన వేసి,  దానిని 12 చే. భాగించాలీ..*


*Formula:::—*


*(Gross salary of August month ×12)—{(HAR×12)+450000}= NET TAXABLE INCOME.*


 *12500 UPTO 250000 after 20%.* 

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*Ex: ఒక ఉద్యోగి Gross salary 75000.( HRA 6000) అనుకున్న..*

{75000×12-(12×6000+450000)}

=900000-(72000+450000)

=900000-522000

=3,78,000.(taxable income)

UPTO 250000(5%)=12500+25600(20% of 128000)

Total tax=12500+25600

                 =38100(per annum)


Per month 38100/12= 3000 apporx..

Note.

*1.CPS/NPS వాళ్లు అదనపు 50000 మైనస్ చేసుకోవాలి.*

*2. House loan ఉన్న  కూడా tax slab rate ప్రకారమే tax  cut చేసి year end(February)lo 12BB form , DDO గారికి proof తో submit చేసి refund అయ్యేటట్టు ONLINE FORM-16 PREPARE చేయించు కోవాలి.** (ఇళ్లు మధ్యలోనే అమ్మే అవకాశం కూడా ఉండవచ్చు)so DDO లు employees యొక్క home loan interest ని ముందే consider చేరవలసిన అవసరం లేదు.

*3.) Health insurence E-Bike loan interest అన్ని కూడా last quarter లోనే considering చేయాలి*

*4.) అన్ని మినహాయింపు లు పోగా Taxable income 5 లక్షల లోపల ఉంటే refund పెట్టుకోవాలి.*

*5. 80C మినహాయింపు లు 150000 +50000 standard deduction +250000)గా తీసుకోవడం జరిగింది.*

*పై ఫార్ములా ప్రకారం కచ్చితం గా tax cut చేసి,  Intime lo ప్రతి quarter TDS చేసి కాపీ ని భద్ర పరుచు కోవాలి.*

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