Q: I am a female consultant drawing a salary of about 8000 pm. My company deducts TDS at 10.33%. I need to get TDS certificate by submitting form 13 to IT authority. What is the criteria for getting TDS exemption certificate?
A: You do not need TDS certificate. You company is making mistake in deducting your TDS. TDS on salary is not deducted at a fixed rate. It is deducted based on estimated yearly income and all the deductions and allowances and income tax on the income. For TDS on salary http://mytaxes.in/index.php?topic=12.0
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