HOW TDS WORKS ON SALARY -SUMMARY

Posted: 29 Dec 2010 06:08 PM PST

THE tax season is here. And if you are an employee you can't blame your employer for deducting large chunks of money from your salary towards tax deducted at source (TDS), which he is legally obliged to do. Your bank will also deduct some percentage from your FD interest of Rs 10,000 or more towards TDS! So what is this TDS all about? How is it computed? Are there any changes this year? Read...

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