Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2012
How will calculate TDS on salary if the gross salary is 40000/month
CA Ayush Agarwal
(Expert)
18 September 2012
40000*12 - 4.8 Lacs
4.8 Lacs - 2 Lacs Basic limit - 2.8 Lacs
2.8 Lacs*10% = 28000
+ 3% = 28840
28840/12 = 2405 approx
deduct every month 2405/- id other deduction details not provided by employee
4.8 Lacs - 2 Lacs Basic limit - 2.8 Lacs
2.8 Lacs*10% = 28000
+ 3% = 28840
28840/12 = 2405 approx
deduct every month 2405/- id other deduction details not provided by employee
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