TDS is deducted on the salary if the salary is more than the exemption limit. The employer deducts TDS on salary from the employee salary and deposits in the income tax department account. But it is not as easy as it looks. The reasons behind it that salary includes a lot of allowances and deductions and savings with the salary which are exempted from income tax.
- This is salary + TDS on salary + form 12BA and form 16 utility.
- Complete excel based calculator.
- Can create 50 forms 16 at one time.
- For financial year 2012-13 and the analysis year 2013-14
- Colorful presentation.
- It has the complete instruction with the tax slabs, section 10 exemption, new exemption to income tax on salary etc.
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