How do you maintain TDS in the company
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Answer / aravind.s
TDS means Tax Deductable Salary. According to Income Tax
Act(Amendments) any person whose income is more than
Rs:10000 per month he/she falls under Tax slab.
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Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it