Please mention the procedure of Deducted TDS on Salary?
If My Salary is Rs.250000/- PA. than how to deduct TDS on it?
Answer Posted / revathy
Hi,
Mr. Deepak Chikane replied correct but he calculated on the
taxable income that is:
Total Income: xxx
Less:
(Some of general deduction)
a. 1. Conveyance (800 * 12)
2. Rent (full HRA or Actual rent - 10% on Basic)
3. Medical reimbursement
b. 1. Insurance, PF, Deposits etc upto 1 lak
so after deducting the above with total income we get the
taxable income. On that you go as per the calculation as
Deepak Chikane mentioned already.
Is This Answer Correct ? | 6 Yes | 2 No |
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