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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 / satyanarayana raju
First of all we have to see the question once again before
answering. The question is not clear.Mr Lokesh did nt
mention his salary as gross or nett.If Lokesh think carry
home salary as nett salary or Nett salary after allowing
all the permissible deductions, treatment will differ.Nett
salary is the salary after all permissible deductions
allowed by the Income Tax Department. Profession tax
deducted by the employer, Transport allowances,Exempted
part of HRA,and allowability in the shape of
savings,childrens school tution fee,Medical insurance,and
reliefs if any will be deducted from Gross salary.After all
these things the tax will be levied as per calculations. If
planned correctly A Person need not pay a single paisa tax
even though his income crossed 4,25,000/. If any body
interested I will give a correct explanation on salries. As
an Auditor I can educate you. Pl ask me thru your e-mail id
today
| Is This Answer Correct ? | 15 Yes | 4 No |
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