Please let me know in detail if salary is more than 2.5 lakh P.A.
How much which will be the TDS?
The others are as follows:
1.The other deductions were ESIC, PF and professional tax when income was below 2.5 lakh P.A.
2. Non metro city.
3. No other source of income.
Is TDS calculated after all deductions?
waiting for your reply
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TDS on salary
Replies (2)
If after deduction of ESIC, PF and PT, your income is below 2.5L then there will be no TDS.
Also, from current financial year i.e. FY 19-20, if your income from salary is above 2.5L after all deduction, however it is still below 5L and you don't have any other income, still there will be no TDS since you will get rebate for income being below 5L.
TDS is applicable on salary when the tax slab of 250000 then Income Tax slab rates will be applicable at the rates in force applicable .
If the Individual is Senior citizen then if salary exceeds Rs. 300000 then applicable rates will be applicable .
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