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Tds

This query is : Resolved 

18 July 2012 I get salary 2,40,000/-pa in my company.my company wants to deduct tds every month. can i know how much they deduct tds from salary every month.please give yours valuable information.

18 July 2012 1.Estimate taxable income for the total year ( total salary excluding allowances to the extent allowed and deduct available deduction )

2.calculate the total tax according to the slabs.

3.divide the result figure /12 .. = tds per month

18 July 2012 first you calculate the tax as per slabs then you plan accordingly.

18 July 2012 Dear Sir,
iam not a senior citizen, i get salary Rs.240000 pa for FY 2012-13. Iam not get any allowances from my company.my company wants to deduct equal amount tds every month from my salary.I think F.Y. 2012-13 Exempt below Rs. 200000.

19 July 2012 First you provide full salary details (PF PT etc)


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