Income tax

Will TDS will be calculated on Gross salary or CTC of an employee.

Replies (1)

TDS on salary will be deducted from Gross salary after deducting all eligible deductions u/s 80c- 80u and all exemptions under head salary like HRA, conveyance allowance, medical allowance, children education allowance etc.. And thereafter tds will be deducted as per normal slabs as per income tax act. i.e 10%, 20% or 30%

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