TDs rate on salary

Section 192 does not specify a TDS rate. TDS will be deducted as per the income tax slab and the rates thereof applicable to the relevant financial year for which the salary is paid.
At first, the salary of the employee is calculated after taking into consideration all the deductions applicable and then tax is calculated according to the tax rate applicable to you. The tax calculation is usually done by the employer at the beginning of the financial year. The TDS to be deducted by dividing the estimated tax liability of the employee for the financial year by the number of months of his employment under the particular employer.
However, if you do not have PAN, TDS shall be deducted at the rate of 20% (excluding education cess and higher education cess).
Any excess or deficit arising out of any earlier deduction can be adjusted by increasing or decreasing the number of subsequent deductions during the same financial year. If you have made any payment as an advance tax, then the same can be adjusted for calculation of TDS

Tds will not be applicable as the total salary is below the taxable limit of 500000 per year and the tds rate on salary is not mentioned in the Act and get the computation of tax on taxable salary and the tax will be divided in twelve installments.

There is no Fixed rate of TDS for salary, it's computed in prescribed manner as per section 192 i.e as per tax liability of Employee. As, if Salary including bonus is less than 5,00,000 than there is no tax liability...So, TDS will also be Zero for a salary up to 5,00,000 per annum.

@ Rakhi Mk:

It depends on nature of employment,

You have mentioned that it is contract basis
So tax rate can be 1% under section 194C

If the contract being a consultant then tax rate is
10% under section 194J.


And tax rate for Salary depends on total income.
If your salary is 33000/- per month then tax rate applicable is 5% but there won't be any tax for AY-2020-21 due to rebate u/s 87A.


So on salary there won't be any tax in your case.