Urgent plz suggest

TDS 1708 views 18 replies
Originally posted by : MUKUL JAISWAL

Hehe..

I dont know why you guyz are fighting like hell on this querry..

Dear.. The solution is simple..

Deduct T.D.S on the rate Higher of the following..

i) Average annual tax rate on salary, or

ii) 20 %

Therefore, If the amount of receiopt of income from salary is500000/- then tax should be deducted @ 20% and if it is 9000000/- then @ 30%. 

:-)

 

Replies (18)
Originally posted by : MUKUL JAISWAL

Hehe..

I dont know why you guyz are fighting like hell on this querry..

Dear.. The solution is simple..

Deduct T.D.S on the rate Higher of the following..

i) Average annual tax rate on salary, or

ii) 20 %

Therefore, If the amount of receiopt of income from salary is500000/- then tax should be deducted @ 20% and if it is 9000000/- then @ 30%. 

:-)

 

i.e 5lac *20%=Rs.1 lac/12 =8333 is to be deducted from monthly salary.

agrre wid suddharth bumb... y r u fighting??

 

its simple yaar..

no , not fighting at all.... just discussion is there


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