![]() Based on employees income, and using income tax calculator, employees income tax is calculated and accordingly it is divided into remaining months of the financial year. So, employers are instructed to collect Tax at source, that is while transferring employees salary to their bank accounts. This paying of income tax based on your income for financial year is covered under Section 192 of the Income Tax Act. This income tax need to be paid by you and government cannot wait for the financial year end for you to file your ITR (Income Tax Return) to pay your income tax during filing process. So based on your income, your income tax is calculated. ![]() ![]() Use Income Tax Calculator to calculate your income tax: instant calculator click here Why TDS is deducted from Salary Watch above video to understand TDS on Salary calculation using excel and various examples including salary increments in a financial year due to bonuses or job switch. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |