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Answer Posted / shivamma
shivamma
TDS -Means tax deduction source
Dear Mr. Venkatesh & Nataraju,
I want to one more point to the following
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%
Above 10,00,000.00 30% + 10%( as surcharge)
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