Tds On Salary Slab Rate For Fy 2024-25. 20,000 in a financial year, the firm must deduct tds at a rate of 10%. This deduction will occur either when the payment is credited to your account or when the payment.

Tds, an acronym for “tax deducted at source,” is a mechanism the government employs to gather income tax upfront as you earn rather than waiting to file your annual tax. This tds rate chart details the sections, nature of payment, threshold limit, and the corresponding tds rates.