Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2014 Respected Experts,

I have confusion about the TDS and Income tax. Give clarification with meaning and calculation.

Thanks you.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

05 April 2014 Income tax is the direct tax, TDS is a way of payment of income tax. such as deducting the tax from while payment of that income

Querist : Anonymous

Querist : Anonymous (Querist)

08 April 2014 Thank you very much sir,

If my monthly income is 20,000/- than What is the TDS Amount and when it is paid by my employer . give me various slabs for various income group people.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

08 April 2014 kindly provide the income (salary) break up, to calculate the tax correctly

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2014 Sorry for the inconvenience.

I am working as Accounts assistant in small organization. my Income is not covered to calculate the tax.

I Just want to know the Income Tax Calculations and TDS Calculation.

Kindly take Example and Explain it.

Thank you very much Sir.