TDS AND INCOME TAX
This query is : Resolved
17 November 2021
IF A PERSON NET MONTHLY SALARY IS 12896 Rs ..And he is getting a commission of Rs 230000 then what is the TDs amount and will he liable for income tax ?? Please explain with example
17 November 2021
his taxable will be on commission amount on 5% thereshold limit is Rs 15000 and salary income will be non taxable ,since not exceeding Rs 2.5 Lacs ,Commission 230000*5% =Rs11500 will be his taxable income .
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