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how to calculate T.D.S on the basis of current I.Tax slab if
the monthly salary is 50,000 p.m.
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Answer Posted / arjun chauhan
taxable income 50000*12=6,00,000
tds on salary
o to 180000 = NIL
180000 to 500000 = 10%
500000 to 800000 = 20%
800000 above = 30%
so our total yearly income 600000
tax 180000 = nil
600000-180000=420000
so because second slope of income tax is 500000 then
320000*10%=32000
100000*20%=20000
so total taxable income = 52000
| Is This Answer Correct ? | 23 Yes | 13 No |
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