Good Afternoon All,
The TDS compliance of the financial year 2019-20 is started from 1 April 2019TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates prescribed by the tax department.
For Our ERP this information is helpful in case of HRM TDS Deductions.We need to update the slabs for the current financial year from the below link.
URL/hrm/index.php/setting/tds_pt_rate/tds_pt_rate
Please find the below list of slabs of the 2019-20 financial year.
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