TDS AND Tax on Salary

Summary on TDS default

Circular No. 4/2020 : ​Income-tax Deduction from salaries during the Financial Year 2019-20 under section 192 of the Income-tax Act, 1961

TDS Rate Chart for F.Y. 2019-20

Prepare at a time your Tax Compute sheet + Automated H.R.A. Exemption Calculation U/s 10(13A)+ Individual Salary Structure for both of Govt. & Non-Govt employees Salary Pattern + Automated Arrears Relief Calculation U/s 89(1) with Form 10E from F.Y. 2000-01 to F.Y. 2017-18 + Automated Form 16 Part A&B and Form 16 Part B for F.Y..2017-18

In the sheet there is no need to remember the Sections, TDS Rates & Limit of TDS Deduction, only you have to see the expenses from your P&L account and than select expenses from this sheet & some required details then you will find automatic TDS and Interest on late deposit of TDS.