Tax

TDS query -  I have not worked TDS query - I have not worked

1 year ago

Hi Sir, i have not worked from April'22 to Aug'22. However i will get a job offer by next week sep 15 2022. How will the last 5 months tax calculation happen as i have no other income for the last 5 months.

Anik

Responded 1 year ago

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A.Income tax is calculated on the net salary. A net salary is the gross salary minus the allowances and deductions for the financial year. It absolutely depends upon what is your total monthly taxable income (The total monthly taxable income is the total taxable income for the financial year divided by 12 months)
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