What will be the TDS amt for rs 30000 salary per month? There are no other deduction except professional tax.
How to make salary slip on this? plz help.
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Tds in salary slip
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Calculation:
Rs.30000*12=360,000
Total Deduction: Nil
So, Taxable Income: 360,000
So Tax on above Income is (Non senior citizen)= (360000-200000)*0.103
=16480.
So TDS will be 16480. It should be deducted equally in 12 months. If it is not deducted so, deduct the same in March and pay it accordingly.
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