Confusion for deducting tds
This query is : Resolved
08 April 2014
while deducting tax for salaried person whether to consider 2000 rebate or not.
eg. salary for employee is Rs. 230000 pa. whether to deduct TDS 3000 or 2000?
09 April 2014
well the effective tax liability should be Rs 1030 (after providing for Rs 2000 rebate). however, the problem people are facing is that Annexure in the Q4 tds return dont provide for this rebate.
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