TCS
on
JumpyCoconut
18moIs there any standard percentage that TCS uses to deduct Income Tax (for C3A and above)?
I am seeing different amounts deducted every month. They are also making sure to deduct more tax when we get QVA. I need some clarity on this.
18mo ago
FuzzyMarshmallow
18mo
It is based on a projection.
When you get QVA, it assumes you will get the same level of salary every month for the rest of the financial year and deduct tax accordingly.
When you get less, it assumes the same.
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