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naina080989@gmail.com
Hi , Can you Pls explain regarding Tds , how is that deducted and on what basis from employee salary. Rgds, Naina
From India, Bengaluru
jeevarathnam
639

Hi Naina
For deducting the TDs first you have to understand the IT Slabs. IT is exempted upto 2,50,000/- & any employee who draws the income between 2,50,000/- to 5,00,000/- is 10%,
income between 5,00,000/- to 10,00,000/- is 20%,
income above 10,00,000/- is 30%,
For that you have lot of calculations such as HRA Exemption, Medical Allowance, conveyance Allowance, Housing loans, Savings etc
With out kowing those you can't deduct tax. So in general finance team will handle.

From India, Bangalore
nariy@rediffmail.com
71

Hi Naina,
Click the below link which is posted by me
https://www.citehr.com/559948-tds-em...-salaries.html
regards,
Narayan

From India, Hyderabad
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