TDS & INCOME TAX RELATED

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Querist : Anonymous

Querist : Anonymous (Querist)

17 May 2011 If a i am employee,, i am taking my salary after deduction of TDS and i am also paying income tax... is there any co-relation between them... plz provide me all information with example.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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17 May 2011 TAX WILL BE CALCULATED ON YOUR TOTAL INCOME AS PER SLAB RATE
AND CREDIT FOR TAX DEDUCTED AND TAX PAID BY U WILL ALLOWED
CA MANOJ GUPTA
JODHPUR
09828510543

Pragnesh

Pragnesh (Expert)
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17 May 2011 If you do not have other then salary income then no need to pay income tax from your own pocket. This is employer's liability to pay TDS after deducting TDS from your salary. There is no co-relation between TDS payment and TAx paying by yourself for Salary income.

Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2011 thanks for your suggestion ....

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