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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 / manish.panchal
taxable income=50000*12=600000
TDS on salary
180000-nil
180001 to 500000-10%
500001 to 800000-20%
800001 above -30%
600000-180000=420000
420000*10% =42000
cess 3% = 1260
total=43260p.a
43260/12=3605p.m.
TDS will be deduct 3605p.m from salary.
Before Deducting TDS consider allowable deduction like
Insurance, House Rent Housing Loan, Car Loan etc. if taken
| Is This Answer Correct ? | 4 Yes | 4 No |
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