Tds Applicable or not!?

Any person making specified payments mentioned under the Income Tax Act are required to deduct TDS at the time of making such specified payment. Your employer deducts TDS at the income tax slab rates applicable. Banks deduct TDS @ 10%. Or they may deduct @ 20% if they do not have your PAN information. TDS is deducted only if your total income is taxable. However, TDS will not be deducted in case your total income is Rs. 2,50,000 and this amount is applicable for men and women below the age of 60 years. Note: TDS deduction rate on salary ranges from 5% to 30% which is equivalent to the applicable income tax slabs.