# Tax Deductions
**URL:** https://community.greythr.com/t/tax-deductions/1943
**Category:** Income Tax
**Created:** [February 26, 2021, 7:39am UTC](https://community.greythr.com/t/tax-deductions/1943 "2021-02-26T07:39:24Z")
**Posts on this page:** 4
**Page:** 1
### Author:  [@Jags](https://community.greythr.com/u/Jags)
#### Post date: [February 26, 2021, 7:39am UTC](https://community.greythr.com/t/tax-deductions/1943/1 "2021-02-26T07:39:25Z")
# This is Jagadish …
We are start up company started in Jan’21 … just wanted to check while processing payroll do we need to deduct Tax for these 3 months (Jan’21 - Mar’21) ?
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### Author:  [@Ankit](https://community.greythr.com/u/Ankit)
#### Post date: [February 26, 2021, 8:00am UTC](https://community.greythr.com/t/tax-deductions/1943/2 "2021-02-26T08:00:00Z")
Hi,
Tax Deductions will depend on Taxable Income of an employee and as per tax slabs.
You should collect below details from Employee:
1. You should take the Investment Declaration Form 12BB ( The **Form 12BB** is a statement of claims by an employee for deduction of tax.)
2. Previous Employer Income & Tax deducted
3. Income from other Sources
Based on above data & Salary income from current employer, you should do the Tax Workings & deduct the Tax if any liability arises.
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### Author:  [@Rakesh](https://community.greythr.com/u/Rakesh)
#### Post date: [February 26, 2021, 9:20am UTC](https://community.greythr.com/t/tax-deductions/1943/3 "2021-02-26T09:20:21Z")
Hello Jagadish
If the Salaries for any employee is more than 2.5 lakhs in these 3 months, you have to deduct TDS as per Income tax slab rates
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### Author:  [@I\_am\_the\_Cosmos](https://community.greythr.com/u/I_am_the_Cosmos)
#### Post date: [February 26, 2021, 4:57pm UTC](https://community.greythr.com/t/tax-deductions/1943/4 "2021-02-26T16:57:39Z")
We have to see whether overall Income for FY 2020-21 exceeds the limits prescrobed under IT Rules and consider investments into account and deduct TDS accordingly.