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..