04 December 2013
1) If employee is earning tax income above the prescribed limit of tax free income by the act but also taking into consideration his declaration if any for sec 80C, 80D housing interest or any other chapter VI deductions applicable to him.Then TDS has to be deducted 2) There is no rate as such first find out the annual tax as if he is filing his return divide that tax in 12 instalments and deposit TDS.
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