How to calculate tds on monthly salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2012 How to calculate TDS on Monthly salary for example
monthly salary RS:-28000/-
month april only
now please suggeste me how can i calculate TDS amount with formula

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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26 June 2012 1. Calculate annual taxable income of the employee.
2. Calculate tax on this income on the basis of slab rate.
3. This tax shall be deducted from the salary on proportionate basis every month.

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2012 Siddhartha thanks for your quick response
but can you give me an example please.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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27 June 2012 For example taxable salary per month is Rs. 30,000

Annual Taxable Income = Rs. 3.6 lakhs
Tax thereon (including cess) = 16,480
Monthly deduction = Rs. 1,373 (16,480/12)

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