AVERAGE RATE OF INCOME TAX
= TOTAL TAX PAYABLE ÷ TOTAL INCOME.
Written on March 12, 2017, 7:33 p.m.
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Answer of this question
On what amount is TDS deducted on Salary where PF and ESI contributions are also given?
TDS on salary income of an employee should be deducted by his employer at an AVERAGE RATE OF INCOME TAX.
AVERAGE RATE OF INCOME TAX
= TOTAL TAX PAYABLE ÷ TOTAL INCOME.
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