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what is the percentage of tds deductable on salary.... plz help me out am in confusiona..
@ Prescribed Tax slabs tds will be deducted.
1.compute the total tax payable on full year's salary payable+other income (if any).
2.Compute the average tax rate by dividing the computed tax by total salary+other income (if any).
3.Apply average (as computed above) rate of TDS on salary payable or paid.
That's decided on the basis of total net salary(i.e. after deductions), that in which slab does that employee falls.
Hi
PFA link it is exaustive https://incometaxindia.gov.in/Archive/TDS_on_Salaries.pdf
Tax Calulator online version: https://finotax.com/itax/tdscalc.htm
Summary of steps: https://www.saraltds.com/resources/tds-deduction.php
Hope this helps you..
Thanks//Vaibhav
TDS ON SALARY F.Y. 2012-13 A.Y. 2013-14
refer link for more details.. hope this will help:
/forum/salary-its-meaning-amp-how-to-calculate-tds-on-salary-easily-232338.asp#.UNW3GG-yD-k
Thank u so much for all
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