Hello, what are the basic rules in deducting TDS from employee salary? Plz help me. Give a details description of rules and regulations in TDS ganga
From India, Bangalore
From India, Bangalore
Hi,
TDS is Tax Deducation at Source, it is nothing but Income Tax.
When an employee is drawing a salary of Rs. 1,10,000, his employer is liable to deduct TDS (read Income Tax) on his salary part above Rs. 1,10,000 once the employee claims all his/her savings done through LIC, Insurance schemes, PPF, Children School Fees, EPF, House Loans etc.
At the end of the year, the employer issue TDS Certificate in the form 16A which employee submit with the Income Tax Return to the Income Tax department while filing ITR.
warm regards,
Umesh Chaudhary
(welcomeumesh@yahoo.com)
From India, Delhi
141TDS is Tax Deducation at Source, it is nothing but Income Tax.
When an employee is drawing a salary of Rs. 1,10,000, his employer is liable to deduct TDS (read Income Tax) on his salary part above Rs. 1,10,000 once the employee claims all his/her savings done through LIC, Insurance schemes, PPF, Children School Fees, EPF, House Loans etc.
At the end of the year, the employer issue TDS Certificate in the form 16A which employee submit with the Income Tax Return to the Income Tax department while filing ITR.
warm regards,
Umesh Chaudhary
(welcomeumesh@yahoo.com)
From India, Delhi
Thank you for the information.
but i need a detail explanation like there are some rules to deduct HRA from income for tax calculation. and employer can give some reimbursements which can be excempted from tax. if anybody can give some suggestion it would be very helpful to me. And the slab for TDS calculation also needed.
ganga
From India, Bangalore
but i need a detail explanation like there are some rules to deduct HRA from income for tax calculation. and employer can give some reimbursements which can be excempted from tax. if anybody can give some suggestion it would be very helpful to me. And the slab for TDS calculation also needed.
ganga
From India, Bangalore
Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list.php?query=TDS
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list.php?query=TDS
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
In CiteHR you will get A to Z information on HR…..
Regards
M. Peer Mohamed Sardhar
093831 93832
From India, Coimbatore
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AMENDMENT IN TDS RULES.doc
Mah Shop & Est (RECS) Rules 2018.pdf