Rate of deduction
This query is : Resolved
AJIT SINGH
(Querist)
20 November 2014
at why rate should tds be deducted on salary
if 80k per month of individual salary
CMA Ramesh Krishnan
(Expert)
20 November 2014
follow the procedures under section:192
Rates will be individual income tax slab rates
Rates will be individual income tax slab rates
20 November 2014
1. You have to compute the estimated total income of the employee for the whole year.
2. Then compute the total tax liability of the employee as per slab rates.
3. TDS will be deducted at an average rate of tax. Monthly TDS will be equal to Tax for the whole year/number of months
2. Then compute the total tax liability of the employee as per slab rates.
3. TDS will be deducted at an average rate of tax. Monthly TDS will be equal to Tax for the whole year/number of months
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