TDS refers to tax deducted at source of income itself. In the case of TDS on salary, it relates to the tax deduction made by an employer on your salaried income. TDS on salary helps the government in collecting income tax accruing from an individual’s salary at the source.
The TDS rate on salary depends on the income you receive from your employer, based on which you fall into different tax slab rates. According to the tax slab, the rate for your TDS deduction on salary will range from 10% to 30%.
TDS deduction is not simply based on percentages in case of employees. There is a need to run through a long duration of documentation, planning and re-planning on a periodic basis.
0.5 to 1 Week
Get detailed information on Important Topics and learn Practically.*Printed for Classroom Training & Online for Online and Pre-Recorded Students.
Get a concise and clear description of topics in Powerpoint Presentation*Access for All for each chapter.
Get downloadable Files and Lists relevant to the courses*Available for certain chapters only.