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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?
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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.
| Is This Answer Correct ? | 6 Yes | 2 No |
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