what is the percentage of tds deductable on salary.... plz help me out am in confusiona..
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Tds on salary
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@ Prescribed Tax slabs tds will be deducted.
with the employer , employee have to provide the information about any source of income that they have. employer aggregate the income and deduct the tds on salary as per the slab employee comes under
1.compute the total tax payable on full year's salary payable+other income (if any).
2.Compute the average tax rate by dividing the computed tax by total salary+other income (if any).
3.Apply average (as computed above) rate of TDS on salary payable or paid.
That's decided on the basis of total net salary(i.e. after deductions), that in which slab does that employee falls.
Hi
PFA link it is exaustive https://incometaxindia.gov.in/Archive/TDS_on_Salaries.pdf
Tax Calulator online version: https://finotax.com/itax/tdscalc.htm
Summary of steps: https://www.saraltds.com/resources/tds-deduction.php
Hope this helps you..
Thanks//Vaibhav
TDS ON SALARY F.Y. 2012-13 A.Y. 2013-14
refer link for more details.. hope this will help:
/forum/salary-its-meaning-amp-how-to-calculate-tds-on-salary-easily-232338.asp#.UNW3GG-yD-k
Thank u so much for all
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