Please mention the procedure of Deducted TDS on Salary?
If My Salary is Rs.250000/- PA. than how to deduct TDS on it?
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Answer Posted / kumar de
TDS is a tax deducted at source,so salary TDS is nothing
but tax payable to Govt on specified slabs fixed by Govt on
individual salary. If a persons salary exceeds more than
150000 Rs per annum(for Men) then he is liable to pay
salary TDS & if salary exceeds more than 180000 Rs per annum
(for Women)then she is liable to pay tax.
The Salary TDS Slabs are:
For Men
Upto 150000-Nil
150001 to 300000-10%
300001 to 500000-20%
Above 500000-30%
For Women
Upto 180000-Nil
150001 to 300000-10%
300001 to 500000-20%
Avove 500000-30%
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