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TDS on salary is not on a fixed rate; Know how tax is calculated and deducted by employer

TDS on salary: Before paying a salary every employer will deduct tax deducted at source (TDS) and then pay a salary to their employees. However the rate of deduction of TDS is not fixed and it is determined by calculating the average rate of tax of the employee. Read here to know exactly how the calculation for TDS is done.

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How is Income Tax Calculated, Delhi News in Hindi

In
today's modern world, income tax is an essential aspect of our financial lives.
Whether you're a

India , Health-cess , National-pension-system , Provident-fund , Public-provident-fund , Income-tax , New-income-tax , Tax-calculation-under , Old-tax-regime , Calculating-gross-total-income , Gross-total-income

Here's a lowdown on the procedure for filing Form ITR-1

The taxpayer is required to gather Form 16, Annual Information Statement, Form 26AS, Taxpayer Information Summary, interest certificates, and investment proof before beginning this process

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Union Budget 2021: Finance Ministry May Give Relief Up to Rs 80,000 in Total Tax Liability to Encourage Spending

In order to put more money in the hands of the tax payer, the Finance Ministry is likely to provide tax relief of up to Rs 80,000 per annum in total tax liability.

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