How to calculate TDS for a salaried person? and want to know other allowance amount( Overtime , National Holiday Wages , Bonus ) will add for calculating TDS ?
What is the TDS Percentage?
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Tds deduction
Replies (3)
TDS on salary is based on average rate of tax on total income, actually everything which comes under the head salary is liable to tax deduction.visit this link for clarification https://www.charteredclub.com/tax-on-salary
Employer paid to emplyee i.e. if there is employer and employee relationship then any payment like salary, Bonus, Commission, Incentive, Over Time whatever named called it's taxable under income chargeable under the Head "Salary", So TDS will be attract U/s 192 according to Income Tax Slab as Salary income......
agreed with above both answer.
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