how to calculate TDS
AVIJIT
(CA FINALIST)
(370 Points)
Replied 07 March 2011
TDS is calculated on the amount paid or bill accrued whichever is earlier. It is deducted as a fixed percentage after a certain limit. These percentage and limits are different for different category which is as per the Income Tax Act.
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 10 March 2011
find herewith the TDS rates and limits..
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961