My client is a doctor by profession. He is earning Rs. 9,60,000 pa. TDS deducted @ 10% Rs. 96000. Rs. 8,64,000 is taxed at slab rates or at the flat rate of 30%. Please clarify regarding this?
14 August 2012
if he earn income as professional income than TDS rate (194J) @10% but if he is earning income as per salary basis than TDS (192A) charge on slab base rate.
21 September 2012
Calculate Tax liability on whole amount of Rs 960000 as per slab rate ,then from such tax liability deduct TDS amount, balance is your Tax liability. Hence Tax is payable as per slab rates
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