no. of duductee | party records is 3
Amount paid is 141480
Tax deducted is 7130
detail as per form 27a
my question is how tax deducted is 7130
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How tds is calculated
Replies (3)
TDS rates are based in the nature of payment... 27A is the summary of TDS returns filled...
Salary payment
In case of salary, TDS is calculated based on Avg rate... Example if for a year your tax liability amount is 12,000, TDS calculate based on 12,000/12= 1000.
Rs.1000 will deduct from your salary every month.
Rs.1000 will deduct from your salary every month.
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