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EXPLAIN ABOUT TDS?

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)

Is This Answer Correct ?    5 Yes 10 No



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