Hi,
Please clarify at what amount TDS deduction is applicable. If, for example, my salary is Rs. 25,000 in hand, how much TDS will be deducted? Additionally, how can we claim a TDS refund, and when can this be done? This information is for my personal use.
Namrata
From India, Ludhiana
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1Please clarify at what amount TDS deduction is applicable. If, for example, my salary is Rs. 25,000 in hand, how much TDS will be deducted? Additionally, how can we claim a TDS refund, and when can this be done? This information is for my personal use.
Namrata
From India, Ludhiana
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Hi Namrata,
Income tax deduction at source is being done by the employer who has the TAN number. The slabs will be declared by the government at applicable rates. After PF, allowable allowances from the salary, as the act says. So as an employee, there is no need to think about tax deduction. It is advisable to submit income tax returns after the financial year through a Chartered Accountant.
From India, Visakhapatnam
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Income tax deduction at source is being done by the employer who has the TAN number. The slabs will be declared by the government at applicable rates. After PF, allowable allowances from the salary, as the act says. So as an employee, there is no need to think about tax deduction. It is advisable to submit income tax returns after the financial year through a Chartered Accountant.
From India, Visakhapatnam
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Dear,
If your salary is 25000 per month, then your annual salary is 25000*12 = 300000. The slab rate for the financial year is up to 200000, and tax is nil. After that, deduction under section 80C is up to 100000. So, if your investment is 100000, then no TDS is to be deducted by the employer.
Thanks,
Rahul
From India, New Delhi
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If your salary is 25000 per month, then your annual salary is 25000*12 = 300000. The slab rate for the financial year is up to 200000, and tax is nil. After that, deduction under section 80C is up to 100000. So, if your investment is 100000, then no TDS is to be deducted by the employer.
Thanks,
Rahul
From India, New Delhi
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Hi Namrata,
Yes, Rahul is right. You have to submit an Investment Declaration Form to your employer in which you have to mention the investment plans (like how much you are going to invest under sections 80C, 80D, etc.). Then the employer will calculate the tax accordingly.
From India, Delhi
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Yes, Rahul is right. You have to submit an Investment Declaration Form to your employer in which you have to mention the investment plans (like how much you are going to invest under sections 80C, 80D, etc.). Then the employer will calculate the tax accordingly.
From India, Delhi
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