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Tds on salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2012 My Gross salary is 40000,
Basic - 14000
HRA-7000
DA-4200
Conveyanc Rs.800.00
EA Rs.200.00
Other allowence- 1800

How much wll be my TDS?

18 September 2012 Calculate your annual estimated income.
Then take all the estimated exemptions u/s 80c etc. calculate the tax on this estimated income. Divide this tax by 12. This will give your monthly tds to be deducted.



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