TDS & INCOME TAX RELATED
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2011
If a i am employee,, i am taking my salary after deduction of TDS and i am also paying income tax... is there any co-relation between them... plz provide me all information with example.
17 May 2011
TAX WILL BE CALCULATED ON YOUR TOTAL INCOME AS PER SLAB RATE
AND CREDIT FOR TAX DEDUCTED AND TAX PAID BY U WILL ALLOWED
CA MANOJ GUPTA
JODHPUR
09828510543
AND CREDIT FOR TAX DEDUCTED AND TAX PAID BY U WILL ALLOWED
CA MANOJ GUPTA
JODHPUR
09828510543
17 May 2011
If you do not have other then salary income then no need to pay income tax from your own pocket. This is employer's liability to pay TDS after deducting TDS from your salary. There is no co-relation between TDS payment and TAx paying by yourself for Salary income.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2011
thanks for your suggestion ....
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