i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive



i need clarification about tds will be calculate before deductions or after deductions on gross sala..

Answer / Abhinay Singh

TDS (Tax Deducted at Source) is calculated before the deductions on gross salary and incentives. This means that the TDS is first calculated based on the total gross salary and incentives, and then any applicable deductions such as tax-saving investments or professional tax are made.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

What will be journal entry of cost of goods sold.

21 Answers   Cura HealthCare, Ernst Young,


what is accounts?

4 Answers  


when dissoluction of firm why investment flchuationfund subtrect from book value

1 Answers  


how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry

1 Answers  


What are the major difference between US GAAP & Indian GAAP.? Where US GAAP is exactly & highly differenciated from Indian GAAP..? Your answer will be highly appreciated. Thanks in advance.

2 Answers  


What is the meaning of Central Excise and State Excise Duty & also want to know differnec between them

2 Answers   Genpact,


if salary is paid what will be entry? If it is given on advance? If it is paid on delay

5 Answers  


how to know which item is contingent liability? and why it is not taken in treatment in final a/c....

1 Answers  


what is runing finance?

2 Answers  


All Interview related Questions pertaining to General Ledger,Finance & Accounts.

1 Answers  


what is the mean of amountisation

1 Answers  


goods worth rupees 440 distributes free among the poor?

1 Answers  


Categories