Answer / dm

TDS is Tax deduction at source.
There are some provisions in the income tax laws about the
pre deduction of tax out of the payments made to
contractors, Consultants, Lawyers, Employees, Lenders,
Owners of property etc.
After deduction from payment, deductor has to pay it to the
govt. treasury on due time provided in the legislation.

Answer / swathi

TDS MEANS TAX DEDUCTION SOURCE, IN THAT WE ARE DEDUCTING
THE ALL REVENUES OF EMPLOYEES.

Answer / manoj bassi

Dear Mr. Venkatesh & Nataraju,

TDS is lieved on the above mentioned categories.

But regarding TDS on Salary for the current FY i.e. 2008-09

The following rates are applicable for men only:

Salary Amt. Rate of Deduction

0-1,50,000.00 0%

1,50,001-3,00,000.00 10%

3,00,001-5,00,000.00 20%

Above Rs. 5,00,000.00 30%

Answer / roshan kumar

Aftr deduction of tax, we can deposit tax upto 7th of next
month. We can deposit tax by on line or in bank.

Answer / nataraju.s

Dear Venkatesh,

It is wrong, Annual Tax Payable is 10000 + 3% Education
Cess = 10300/12 = 858 should be deducted every month

Answer / tamil selvan

TDS on Salary for the current FY i.e. 2009-10


TDS - TAX deducted at source

for individual Tax payer
upto 160000 - nil
160001 - 300000 -10%
300001 - 500000 -20%
above 500000 - 30%

For woman
upto 190000 - nil
190001 - 300000 -10%
300001 - 500000 -20%
above 500000 - 30%

for senior citizen
upto 240000 - nil
240001 - 300000 -10%
300001 - 500000 -20%
above 500000 - 30%

Answer / siva kumar

tds means tax deduction sorse

Answer / deiva

plz send the answer to my email id

Answer / bhawna mehta

First of all I want to make correction on tds defination it
means
Tax Deducted at Source

Answer / deiva

tds means Tax Deduction at Source.

Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?

0 Answers  

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0 Answers