Tds rates for salay


This query is : Resolved 

20 July 2012 I am having in doubt in salary tds rates.if 9.00,000 is annual income what is tds deduction rate and how should be deducted fom salary and what is tds percentage for salry.ex:10%,20%,30%

20 July 2012 Its very simple:

Compute the total income tax payable for the year taking into consideration the tax declaration given by the employee.

Distribute this amt of tax payable over the no of months for which he is employed with the company.

20 July 2012 Dear sir,
What is the tds percentage for 9,00,00,000 annual income how should be calculated.

20 July 2012 You have to follow the slab rates for this.
The slab rates will depend on the category of assessee.
It is separate of women/senior citizen/others


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