Tds amount on salary
This query is : Resolved
12 November 2013
dear sirs,
A is an employee of the Z Ltd. his basic salary is ?19500/- p.m
so anybody explain what is the tds amount ? with calculation show please thanks in advance
13 November 2013
assuming that whole of the salary is taxable, then total tax liability is Rs 3502 less Rs 2000 (under 87A) ie Rs 1502.
So deduct Rs 125 each month for 11 months and Rs 127 in the last month.
So deduct Rs 125 each month for 11 months and Rs 127 in the last month.
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