for tds on salary what deductions will be made will HRA be deducted for the purpose what other deductions will be made.
for tds on salary what deductions will be made
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TDS on salary: determine gross income, apply eligible deductions including HRA exemptions, then calculate withholding tax liability. TDS on salary is computed by determining gross salary, deducting eligible deductions under the Income Tax Act (including allowances or exemptions such as House Rent Allowance to the extent permitted) to arrive at taxable income, and then calculating tax on that taxable income; the employer's withholding obligation (TDS) is based on the resultant tax liability. (AI Summary)
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