Poonawalla fincorp
Poonawalla fincorp

Tds on salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2012 How will calculate TDS on salary if the gross salary is 40000/month

18 September 2012 40000*12 - 4.8 Lacs
4.8 Lacs - 2 Lacs Basic limit - 2.8 Lacs
2.8 Lacs*10% = 28000
+ 3% = 28840

28840/12 = 2405 approx

deduct every month 2405/- id other deduction details not provided by employee



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