What will be the TDS deducted for Net salary of Rs. 10,500
for month
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Answer Posted / anil rawat
Since the yearly salary of mentioned person is 1,26,000/-
only and not exceeding 1,60,000/- so TDS will not be
deducted on the same.
Cz as per the income tax law we have to deduct TDS on
salary if the yearly payment is over and above 1,60,000/-
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