Poonawalla fincorp
Poonawalla fincorp

Rate of deduction

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(Querist)
20 November 2014 at why rate should tds be deducted on salary if 80k per month of individual salary
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
20 November 2014 follow the procedures under section:192

Rates will be individual income tax slab rates
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
20 November 2014 1. You have to compute the estimated total income of the employee for the whole year.

2. Then compute the total tax liability of the employee as per slab rates.

3. TDS will be deducted at an average rate of tax. Monthly TDS will be equal to Tax for the whole year/number of months
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