TDS AND INCOME TAX
This query is : Resolved
17 November 2021
IF A PERSON NET MONTHLY SALARY IS 12896 Rs ..And he is getting a commission of Rs 230000 then what is the TDs amount and will he liable for income tax ?? Please explain with example
B Sathyanarayanan
(Expert)
17 November 2021
his taxable will be on commission amount on 5% thereshold limit is Rs 15000 and salary income will be non taxable ,since not exceeding Rs 2.5 Lacs ,Commission 230000*5% =Rs11500 will be his taxable income .
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