Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2013 Hi, if salary of an employee is Rs. 50,000/- p.m. Then how much amount deductible as TDS?

Please help me in this.

-
Meera

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
Follow

05 June 2013 Tds is deductible on the basis of his Investments declared.

1. Whether he has invested in 80C?
2.Whether he his availing any Exemptions such as HRA

If he doesnt declare anything then the Tax is calculated considering he has not made any investments and Individual Taxation rate is applied and tax calculated and TDS deducted accordingly

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2013 Thank You.