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Income tax on salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 April 2013 one person in my firm received consolidate salary is Rs. 35000/- per month. I am not deducting the tax in the fy 2012-13 now i want to deducted tds on that salary. Now my question is that how much tax has been deducted
Gender Male, below 60 years, Gross salary Rs. 420000/- per year including traveling allowance Rs. 9600, he also given me Rs. 15000 medical bill, Rs. 20000 lic premium
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CA Himanshu Kansal

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CA Himanshu Kansal (Expert)
04 April 2013 His taxable salary will be Rs. 420000-9600-15000=395400 Plus other income like interest from saving bank account etc.
Less: deduction u/s 80C Rs. 20000.
taxable income Rs. 395400-20000= 375400.

Tax on such income = 17590
therefore monthly TDS will be Rs. 1466.
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