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,
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 HRů..
M.Peer Mohamed Sardhar
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> income tax tax return tds calculation Location-India-Bangalore tax calculation Complete List Of Categories
Interesting Relevant Discussions