Dear Susmitha,
The TDS is Deducted on Taxable Salary only (on basis of different slabs for the year)..
The Taxable salary is calculated after deducting various exemptions and deductions from the Salary. The deductions and exemptions depends upon the Investment Declaration provided by the employee and salary structure.
So, it is better first share detailed breakup of the Salary, investment declarations and applicable deductions & allowances.
From India, Delhi
225The TDS is Deducted on Taxable Salary only (on basis of different slabs for the year)..
The Taxable salary is calculated after deducting various exemptions and deductions from the Salary. The deductions and exemptions depends upon the Investment Declaration provided by the employee and salary structure.
So, it is better first share detailed breakup of the Salary, investment declarations and applicable deductions & allowances.
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Responsibilitie s of person who is responsible for deduction of TDS on salary.docx
Amendment in Section 192A of the IT Act, 1961- Instructions for deduction of TDS on withdrawal f.pdf