Salary

Rs. 23,000 x 9 = Rs. 2,07,000/-

Rs. 50,000 x 3 = Rs. 1,50,000/-

Total = Rs. 3,57,000/-

If the employee does not have any investments u/s 80C or others, he will have to ask his new employer to deduct TDS for coming 3 month of Rs. 5,300/- each to match his tax liability of Rs. 16,000/-

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Hi Sweeti,

Employee will have to give details of salary he has received from previous employer (along with bifurcation i.e. exempted allowances, deductions etc.), details of investments u/s 80C etc. and figure of other income (if any) to his current employer.

Considering his all these income during the year, the current employer will deduct the TDS accordingly.

Thanks,

CA. Devanand

DEAR MIHIR SIR,

will u be plz xpln the way of ur woking of the xmpl u gave above mentioned TDS???

Total income = Rs. 3,57,000/-

Tax slab = Rs. 3,75,000 - Rs. 2,00,000 = Rs. 1,57,000/-

Tax at 10.3% on Rs. 1,57,000/-  approx Rs. 16,000/-

16,000/- divided by 3 months = Rs. 5,300/-

You have to consider salary from previous employer also for deducting TDS