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Pls let me know how to calculate TDS n on what basis is it
done

Answer Posted / bikram mandal(accountant)

T D S MEANS TAX DEDUCTION SOURCE, THE ENTRY WILL BE ..........

1)SALARY A/C DR ...........5000
TO TDS 2 % 100
TO BIKRAM MANDAL 4900
2)BIKRAM MNDAL A/C DR. .........100
TO T D S 2% 100
3)GOVT. A/C DR. ..........100
TO BANK 100
4)BIKRAM MANDAL A/C DR. ......100
TO BANK ...........100

Is This Answer Correct ?    3 Yes 1 No



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