sub: salary tds
1) will financial year and assessment year apply for salary
tds. ie if my employer is deducting tax then will it be for
the last year or current year.
2) in case of assessment year,( example 1st april 2009 to 31
why it is given as one year does it mean that the total year
is meant for assessing and then when shall we pay the tax or
file the returns???
3) in case of assessment year 1st april 2007 to 31 march
2009, when should i stop assessing and start deducting the
tax and when should i pay it to it dept
I am getting a salary of 50000 Rs Net salary. After showing
my rent bills and children school bills, still I am being
deducted a TDS amount of 2000. Is there any chance of even
avoiding this amount to be deducted by investing in any
insurance. Please give me a suggestion.