Income Tax Related

TDS on Salary

SECTION 192 : DEDUCTION OF TAX FROM SALARY

The total tax to be deducted, on the estimated income of the employee for the relevant financial year, is divided by the number of months of his employment during that financial year. The amount so arrived at is the monthly deduction of tax at source. No tax will, however, be required to be deducted at source in any case unless the estimated salary income including the value of perquisites, exceeds the maximum amount which is chargeable to income-tax. 

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