TDS
This query is : Resolved
Chhaya M. Kapadia
(Querist)
15 July 2009
I am a woman and my professional fees is Rs.15,000/- per month do I fall under tax deduction if yes then what percentage ?
CA.Nikhil Gupta
(Expert)
15 July 2009
Mam,
If your Taxable Income for the year do not exceeds Rs 190000/-, then you are not into the tax bracket and no tax will be deducted from your income.
If it exceeds, then upto Rs 300000/-,
excess of 190000/- will be taxed @ 10%
For any further query, u can contact me at CANIKHILGUPTA@gmail.com
9878457599
If your Taxable Income for the year do not exceeds Rs 190000/-, then you are not into the tax bracket and no tax will be deducted from your income.
If it exceeds, then upto Rs 300000/-,
excess of 190000/- will be taxed @ 10%
For any further query, u can contact me at CANIKHILGUPTA@gmail.com
9878457599
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