TDS on Salary
This query is : Resolved
Dushmanta Rana
(Querist)
19 June 2020
Please guide me about deduction of TDS on salary for financial year 2019-2020 and 2020-2021.
I would like to know the percentage of deduction and
on which amount the deduction will be done on basic or on gross amount ?
I would like to know the percentage of deduction and
on which amount the deduction will be done on basic or on gross amount ?
CA R SEETHARAMAN
(Expert)
19 June 2020
Calculate tax on yearly gross amount less deduction and divide it by 12 and recover TDS monthly and adjust TDS at the year for actuals.
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