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Tds on salary
what is the criteria for deduction of tds? for example if monthly salary is 165000 then is it that tds will not be deducted in the first m onth since annual income does not exceed 200000. and if the total tax to be paid is say 20000 p.a. then can this tax payable be evenly deducted from salary throughout the year irrespective of the salary actually to be paid?
Replies (1)
compute salary by taking all the components and project it for one year give necessary deductions and exemptions given by the employee and arrive at the taxable Income and from that you compute tax and deduct it evenly throghout the financial year
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