Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Dear Santosh,
It is not true always. Since TDS is deducted according to your earnings. ie at the end of the month you get your income and according to your limits (the ceiling is already set by the Government) and if it exceeds then the tax is deducted from your income only with an expectation that your income remains unchanged for the whole year. Moreover, if you are delay your tax you will get the interest but you will be charged as penalty to fail to make your legal holdings. It is the compensation charged on your irresponsibility of not contributing your taxable amounts to the nation.

hi friends,
I am so confused with income tax and tds,, income tax is paid per one year for preceding financial year,is it? and tds is calculated by icome taxable/12, this much only i know,,
Plz inform d details briefly from d basic with due dates of paying income tax and tds and tds on other payments,with form no 16,16A and 17

Normally tds are prepared by icome taxable amount/12, then we can get tds for month.if employee has to pay tds for everymonth and also he has to pay income tax even after paid tds?

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™