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CALCULATION

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(Querist)
25 March 2008 DIFFERENT METHODS OF CALCULATING THE INCOME TAX PAYABLE FOR A SALARIED PERSON WHILE DEDUCTING TDS
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CA. Amit Daga

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CA. Amit Daga (Expert)
25 March 2008 what
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M. SHIVARAJ

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M. SHIVARAJ (Querist)
25 March 2008 MY QUESTION IS WHEN CALCULATION OF TDS FOR SALARIED PERSON IN SOME COMPANIES IF THE SALARY INCOME EXCEEDS MORE THAN 500000 THEY WILL DIRECTLY DEDUCT THE TDS AS 30% ON WHAT METHOD
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MANAS ROUT

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MANAS ROUT (Expert)
25 March 2008 On salary they have to calculate the tax as per the prescribed rate of income tax after considering all the dedcution and other source of income if the employyee delclaring the same .
there is no procedure like salary exceeding 5 lakh should be deducted @ 30%.
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
25 March 2008 TDS should be deducted at prescribed rates
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