2006-07-30 19:22:54 · 2 answers · asked by shobha r 1 in Business & Finance ➔ Other - Business & Finance
obviously you suffer some serious STD... are you tryin' to impress someone out here?
2006-07-30 19:33:03 · answer #1 · answered by nomad 3 · 0⤊ 0⤋
TDS is Tax deducted at source. i.e. instead of you paying Income Tax after getting your income, it is deducted by the party paying your income (your employer for eg.). This will be deposited to Income Tax Dept Bank Account.
Tax slabs are as follows:
The Income Tax slabs announced by our honourable Finance Minister, Mr. P. Chidambaram on 28th february' 05 in his Union Budget for the Financial Year 2005 - 06 are as under:
For the year 2005-06
Taxable income slab (Rs.) Rate (%)
1,00,000
1,35,000 (for women)
1,85,000 (for senior citizens) NIL
1,00,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
2,50,001 upwards 30%
10,00,000 upwards 30%*
2006-07-30 20:18:37 · answer #2 · answered by Indian_Male 4 · 0⤊ 0⤋