Tax Deduction On Source

Hi Friends,
Can anyone give some clarification on TDS, my current employer deducted some amount as TDS from my income, is there any percentage for TDS deduction, if so from gross/ net/ basic. For eg, if i get a monthly income of 35k from that 9k is basic, 6k is hra, others as service allowance. Then what will be the TDS deduction, on what basis they deducting. Whether it will be consider during the IT returns, if excess amount then what should i do, also i need some idea for tax exemption.
Regards,
Kailash Manani

Can anyone give some clarification on TDS, my current employer deducted some amount as TDS from my income, is there any percentage for TDS deduction, if so from gross/ net/ basic. For eg, if i get a monthly income of 35k from that 9k is basic, 6k is hra, others as service allowance. Then what will be the TDS deduction, on what basis they deducting. Whether it will be consider during the IT returns, if excess amount then what should i do, also i need some idea for tax exemption.

Damodar,
every employer will give form 16 with all the details which is dededucted at source as eligible tax, if any excess was deducted from salary also will be shown in the form 16 which is claimable from it department

If TDS is deducted on Salary then just income tax slab for that assessment year will be applicable. You have not told about for what assessment year the employer deducted TDS? please mention it.

HI.. this is aravindh, I am newly Appointed to a company as a Accountant, and am FRESHER, iNEED TO KNOW WHAT IS tds, AND how should it deduct from the salary? and also need fullfrm OF HRA,LTC