Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 July 2012 sir i want to know how to calculate taxable salary?
if tds is applicable when we calculate taxable incom?
pls give me an answer with suitable examples

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

11 July 2012 1. Taxable salary is calculated as total salary less exemptions.

2. Then taxable income is calculated by adding other income and reducing deductions.

3. If the taxable income exceeds the exemption limit (as per slab rate), then TDS is required to be deducted on the same.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now