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When is TDS to be deducted?
Replies (2)
Dear Sir/madam,
i m wrking with a Pvt. Ltd. company, we are paying 30000/- per month-360000/- per annum salary to our Sr. Engineer, so plz tell me how i will deduct the tds, nw he is terminated from my company. and wht is tds rate applicable for such case. my email address is -devdattmishra @ gmail.com
Devdatt Mishra
TDS will be decuted at normal rates on Rs. 3,60,000, provided full year salary was paid to him. Make sure to take into account his any other income and deductions available to him. Education cess will also be applicable on TDS.
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