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Answer Posted / ankit jain
TDS STANDS FOR TAX DEDUCTED AT SOUCRE
WHILE
TCS STANDS FOR TAX COLLECTED AT SOURCE
TCS MAINLY CHARGED ON FOLLOWING GOODS & TAX RATE IS
APPLICABLE ON FOLOWING %
GOODS %
1)SCRAP GOODS 1
2)LENDUA PATA 5
3)TIMBER 2.5
| Is This Answer Correct ? | 7 Yes | 3 No |
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Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..
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