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Is monthly tds deduction necessary?

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Is monthly tds deduction necessary?

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  1. Not necessarily so, but if you do not deduct monthly, you will be liable to pay interest and fine for non-remittance. Govt expects monthly cheques from the Employer and if does not come, you will have to pay the fine to the Govt.


  2. Normally yes.

    For current TDS rates and deduction rules, read

    http://mytaxes.in/index.php?topic=8.0
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