Dear Susmitha,
The TDS is deducted on taxable salary only, based on different slabs for the year.
The taxable salary is calculated after deducting various exemptions and deductions from the salary. The deductions and exemptions depend upon the investment declaration provided by the employee and the salary structure.
So, it is better to first share a detailed breakup of the salary, investment declarations, and applicable deductions & allowances.
From India, Delhi
The TDS is deducted on taxable salary only, based on different slabs for the year.
The taxable salary is calculated after deducting various exemptions and deductions from the salary. The deductions and exemptions depend upon the investment declaration provided by the employee and the salary structure.
So, it is better to first share a detailed breakup of the salary, investment declarations, and applicable deductions & allowances.
From India, Delhi
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