TDS Deduction Criteria

Namrata786
Hi, Please clarify at what amount TDS deduction is applicable? If suppose my salary is Rs. 25000/- in hand what TDS will be deducted??? & how can we get the TDS refund.... & when...??? This info is for my personal use....
Namrata
vanajaram
hi namrata
INCOME TAX DEDUCATION AT SOURCE IS BEING DONE BY THE EMPLOYER WHO IS HAVING THE TAN NO. THE SLABS WILL BE DECLARED BY THE GOVT AT APPLICABLE RATES. AFTER PF, ALLOWABLE ALLOWANCES FROM THE SALARY AS IT ACT SAYS. SO AS EMPLOYEE THERE IS NO NEED TO THINK ABOUT TAX DEDUCTION. IT RETURNS SUBMISSION AFTER THE FINANCIAL YEAR THROUGH CA IS ADVISABLE
rahul1989ramnajar@gmail.com
Dear
if your salary is 25000 per month than your annual salary is 25000*12 = 300000
slab rate for the financial year is up to 200000 is tax is nil after that deduction in under section 80c is upto 100000 so if your investment is 100000 than no tds is to be deducted by employer
thanks
rahul
Aarush Bhatt
Hi Namrata
Yes Rahul is right. You have to submit a Investment Declaration Form to Employer in which you have to mentioned the investment plans ( like how much you are going to invest U/s 80C, 80D etc). Then Employer will calculate the tax according.
prakharraj
Hello, my salary is 15000. am i applicable for tds or any tax deductions. if yes then how much? and how will i get it back.
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