Tds rate for salary f.y. 2019-20

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212 Points Posted on 19 May 2020
hello TDs rate for salary deduction

f.y. 2019-20( a.y. 2020-21)

1 lakh per month (12p.a.)

till now no tax paid

please give answer

and help to calculate all 4 quarter tax
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On 19 May 2020 at 15:23 Report
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Quick Summary
This discussion clarifies that TDS on salary for FY 2019-20 (AY 2020-21) isn't based on a fixed rate but on income tax slab rates. It advises referring to the relevant slabs for accurate deduction and mentions potential interest charges of 1.5% per month for delayed payments under Section 201(1A).

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student
39 Points Posted on 19 May 2020

Tds on salary does not have any rate ...it's deducted under income tax  Slab

Kindly refer income tax slab rates to deduct TDS on salary also calculate interest for delayed payment u/s 201(1A) 1.5 ℅ pm.

Late filing of return may also be implied

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On 19 May 2020 at 15:38
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212 Points Posted on 19 May 2020
Thank u and help me to calculate 12 lakh p .a. salary how much tds we can deposit with interest.
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On 19 May 2020 at 16:02

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