TDS on Salary - 2024
USB Bhise (21 Points)
01 November 2024Please guide me with the full details for deduction of TDS on Salary?
1. Whom is it applicable?
2. What % it's applicable?
Please share the details for better understanding.
Regards
Umesh
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(4782 Points)
Replied 01 November 2024
TDS (Tax Deducted at Source) on salary is applicable to:
- TDS rates may vary based on government notifications and individual circumstances -
Employers must obtain a TAN (Tax Deduction and Collection Number) for TDS purposes -
Employees can claim a refund of excess TDS deducted while filing their income tax
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India