tds on salary

Kumar Gaurav (Going...to be C.A soon...)   (1624 Points)

03 October 2007  

hi all,

my friend is working with a co. and he is getting 11000/ pm he saya that the company is deducting tds on salary @ 10.5%. Is it right or not bcoz tds should be deducted by calculation as per income tax rates.Or is it right way if yes then plz tell me about 10.5%

thanks