TDS on salary income

537 views 10 replies

if a individual have salary income 45000/-+ per month at which rate yes applicable

Replies (10)
TDS is applicable on income from interest
Yes TDS applicable. Rate 10%
Tds is applicable on slab rates (Refer relevant finance act for Tax Slab Rates) For A. Y. 2017 - 18 Finance Act 2016 is applicable

As per section 192, TDS on salary is applicable on the basis of tax which would be applicable on the Total Income as per the Slab rates.

So if I assume that he has no other income and he is in employment for full year then his TDS will be charged on the ratio of Tax which is to be paid on Total Income of the Assesse as per Slab Rates. 

TDs Should be Deducted as per Slab Rate 😊

You have to calculate the Aproximate total income and tax to be calculated on slab rate.If there is any deficiency it can be deducted in the month of  March.

TDs Should be Deducted as per Slab Rate 😊

 

Yes. TDS ll be deducted as per slab rate.

He get salary per month Rs. 45000*12=540,000/-. It's above Income tax ceiling limit. So, you can deduct tds. He have any deduction related exepnses then less and calculate TDS...

@ S ELAVARASI.,
You are exactly correct...
I appreciate you and also Your reply is good....

First you have to deduct the basic deduction then the savings and the excess of it will be tax as the IT slab rates fixed.

The Tax has to be divided as per your convenience and paid each month by the company were you are employed.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details