what is tds? how this tds deducted? what is percentage?
how to calculate? what is the procesure?
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Answer Posted / kiran kumar
Tds is the tax collected on each and every individuals of a
country. It is deducted on the income earned by them. The
percentage is calculated as per the terms guided and
announced by the Govt. at the time of Annual budget. The
calculation is made as follows;
Rs. 0 to 1,50,000 tax Nil
Rs. 1,50,000 to 2,00,000 tax 10%
Rs. 2,00,000 to 2,50,000 tax 20%
Rs. 2,50,000 and above tax 30%
This calculation is made for the salaried employee (Male)
for the Financial yer 2008-09.
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