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Please mention the procedure of Deducted TDS on Salary?
If My Salary is Rs.250000/- PA. than how to deduct TDS on it?

Answer Posted / revathy

Hi,
Mr. Deepak Chikane replied correct but he calculated on the
taxable income that is:

Total Income: xxx
Less:
(Some of general deduction)
a. 1. Conveyance (800 * 12)
2. Rent (full HRA or Actual rent - 10% on Basic)
3. Medical reimbursement

b. 1. Insurance, PF, Deposits etc upto 1 lak

so after deducting the above with total income we get the
taxable income. On that you go as per the calculation as
Deepak Chikane mentioned already.

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