Dear Santosh,
It is not true always. Since TDS is deducted according to your earnings. ie at the end of the month you get your income and according to your limits (the ceiling is already set by the Government) and if it exceeds then the tax is deducted from your income only with an expectation that your income remains unchanged for the whole year. Moreover, if you are delay your tax you will get the interest but you will be charged as penalty to fail to make your legal holdings. It is the compensation charged on your irresponsibility of not contributing your taxable amounts to the nation.
From India, Bangalore
4It is not true always. Since TDS is deducted according to your earnings. ie at the end of the month you get your income and according to your limits (the ceiling is already set by the Government) and if it exceeds then the tax is deducted from your income only with an expectation that your income remains unchanged for the whole year. Moreover, if you are delay your tax you will get the interest but you will be charged as penalty to fail to make your legal holdings. It is the compensation charged on your irresponsibility of not contributing your taxable amounts to the nation.
From India, Bangalore
hi friends,
I am so confused with income tax and tds,, income tax is paid per one year for preceding financial year,is it? and tds is calculated by icome taxable/12, this much only i know,,
Plz inform d details briefly from d basic with due dates of paying income tax and tds and tds on other payments,with form no 16,16A and 17
From India, Madras
I am so confused with income tax and tds,, income tax is paid per one year for preceding financial year,is it? and tds is calculated by icome taxable/12, this much only i know,,
Plz inform d details briefly from d basic with due dates of paying income tax and tds and tds on other payments,with form no 16,16A and 17
From India, Madras
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