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TDS

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(Querist)
04 November 2016 Dear sir am working as accountant in cinema industry. I want know how much tds applicable for salary. if tds applicable for salaries and what's the limit of the amount.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 November 2016 Estimate the total salary payable during the financial year and deduct estimated savings furnished by the concerned employee, calculate the tax and deduct the amount in equal monthly instalment. Adjust for actual at the year end.
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