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Tds
Dear frnds and experts
How to calculate tax and tds if the salary per month has increased from Rs.20000 to Rs.25000 from July.
Thanks in advance
Replies (2)
Rs. 20,000/- x 3 months = Rs.60,000/-
Rs. 25,000/0 x 9 months = Rs. 2,25,000/-
Total = Rs. 2,85,000/-
Tax on 85,000/- = Rs. 8,755/- or 730/- per month
Thank You Sir.. What if a person joins in mid of the sep month and gets Rs. 50000 as half month salary in Oct and thereafter Rs. 100000 till march, how to calculate tax ?
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