16 September 2011
In case of salary income TDS is not based on percentage, the following steps are to be followed: Compute salary as per Section 192 of the Income Tax Act. 2.Find out Taxable salary income 3.Find out tax on Taxable Salary Deduct the arrived amount as above
Deduction can be made on adhoc basis every month and compute as above in the month of March : TDS=Income Tax computed U/s 192- monthly deducted amount so that it will not be burden to deducted at a stroke.
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