TDS on Salary

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Sanket Shah (Querist)
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27 August 2016 how tds will be deducted on salary given i.e. after deducting allowances given or Gross. nd the salary is paid on annual basis.... nd how the said income will be taxed in the hands of salaried person... i.e. gross or net

ACA Anurag

ACA Anurag (Expert)
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27 August 2016 Dear Sanket, In case of salary ( for fist year) TDS gets deducted when salary crossed the slab limit. in further years employer makes a pre income calculation for the year after deducting all your exemption and calculate tax on it. further such tax bifurcated on monthly basis. Hope your query is resolved Kindly like if my response has helped you

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Kaushik Joshi

Kaushik Joshi (Expert)
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27 August 2016 Dear Sanket, Tax on Salary is calculated after deducting allowable deductions of the allowances and tax is paid on the said net amount. The said income will be tax in the hands of the salaried employee at gross less allowable allowances under the head income from salary.

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ACA Anurag

ACA Anurag (Expert)
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27 August 2016 Hope your query is resolved

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