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Tax deduction source
How to calculate deduction of tax at source?
Replies (3)
normally tds is calculated on amount paid or credited .
Tax rate basis?
TDS IS DEDUCTED ON AMOUNT PAID OR CREDITED.
FOR OTHER THAN SALARY THERE ARE DIFFERENT RATES FOR CALCULATION AND DEDUCTION OF TDS .
FOR SALARY TDS IS DEDUCTED ON ESTIMATED INCOME AT NORMAL SLAB RATES WHICH IS APPLICABLE TO TAHT EMPLOYEE
THERE ARE DIFFERENT RATES OF TDS FOR DIFFERENT SECTIONS.
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