Firstly, the TDS on salary is to be deducted by employer who pays salary to his employee. The TDS deduction on salary is made if the employee’s income exceeds the prescribed limit. Further, the TDS rates applicable are dependent on the income slab of the employee.
The amount limit from which tax is chargeable is as follows:
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Age is above 60 years but below 80 years | | |
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TDS on salary = Estimated Total Tax Liability
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Period of Employment