Salary break up and tds deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 May 2012 Hi,
If person having salary 65000/-monthly how to make break of that and at how much amount tds has to deduct?
Company is Pvt. Ltd. but no pf

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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29 May 2012 Basic
HRA
Conveyance Allowance

You can also break up into reimbursement portions, such as telephone reimbursement, petrol reimbursement, etc.

TDS will be calculated as under:

1. Compute the annual taxable income of the employee.
2. On this income, compute tax liability as per slab rates.
3. This tax liability will be deducted on a monthly basis.

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