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.
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.
Kindly click on the following link, it will give you some required information,
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In CiteHR you will get A to Z information on HRů..
M.Peer Mohamed Sardhar
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