what is the percentage of tds deductable on salary.... plz help me out am in confusiona..
8 Replies
Harish
(CA Student)
(568 Points)
Replied 21 December 2012
@ Prescribed Tax slabs tds will be deducted.
nayan
(article assistant)
(466 Points)
Replied 21 December 2012
with the employer , employee have to provide the information about any source of income that they have. employer aggregate the income and deduct the tds on salary as per the slab employee comes under
Vikash Kumar
(Manager Accounts (CA. Final))
(694 Points)
Replied 21 December 2012
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.
Durga Prasad
(Trainee)
(392 Points)
Replied 21 December 2012
That's decided on the basis of total net salary(i.e. after deductions), that in which slab does that employee falls.
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 21 December 2012
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
deepaksamra
(Accountant)
(52 Points)
Replied 22 December 2012
TDS ON SALARY F.Y. 2012-13 A.Y. 2013-14
Attached File : 617200 1104979 tds rates on salary fy 2012 13.pdf downloaded: 248 times
@VaibhavJ
(Believe!! Live your dreams!)
(33516 Points)
Replied 23 December 2012
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
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