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 / virendra negi
for FY 2012-13 taxation on salary Rs.50000/-Pm.
Rs.600000/-
Rs.200000/- No Tax
Rs.200000 to Rs.500000(10%)=300000*10/100=Rs.30000/-
Rs.500000 to Rs.1000000(20%)=100000*20/100=Rs.20000/-
Total Tax = 30000+20000=50000/-
Add:Cess @3% on Tax=1500/-
Total Tax for the year 12-13 is Rs. 50000+1500=51500/-P.a.
and Rs.4292/-P.m.
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