Tds rate chart & salary tds
Pournima Sarpale (7 Points)
01 April 2020
how to calculate tds salary working ? & tds rate chart 2020- 21
Pournima Sarpale (7 Points)
01 April 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14171 Points)
Replied 01 April 2020
On an Average basis you have deduct TDS every monthly .
Example - If your Salary for year is 500000/-
Then income Tax on same will be 12500/- ( 500000/ - 250000= 250000/- So on 250000/- Income tax will be 5% of 250000/- = 12.500/-)
and therefore 12500 is divided by 12 month = 1042 /- is your TDS amount , you should deduct TDS 1042 /- form April to march monthly and pay to the Govt account . If Excess paid you can Claim refund
For TDS chart for F.Y 2020-21 you search Google
sabyasachi mukherjee
(26089 Points)
Replied 01 April 2020
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