Tds on income from salary

Dear Bhaskar,

1) TDS should be deducted on the basis of the basic income exemption limit. (Male : Rs. 180000, Female Rs. 190000, Senior Citizen Rs. 250000)

2) Advance Tax should be paid in installments if the Tax Liability goes above Rs. 10000. The Installment for Corporate and Non-Corporate Assesses is different.

3) The E - TDS Return (24Q) should be filed quarterly. 

Regards,

Devendra K

Agree With Devendra

Originally posted by : Devendra
	Dear Bhaskar,   1) TDS should be deducted on the basis of the basic income exemption limit. (Male :180000, Female190000, Senior Citizen250000)   2) Advance Tax should be paid in installments if the Tax Liability goes above10000. The Installment for Corporate and Non-Corporate Assesses is different.   3) The E - TDS Return (24Q) should be filed quarterly.    Regards, Devendra K