Tds on salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2013 net taxable salary is 1298650. than what is tds?pls specify calculation

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17 January 2013 For AY 2013-14
Upto 200000 @ 0% = nil
200001 to 500000 @ 10% = 30000/-
500001 to 1000000 @ 20% = 100000/-
1000001 to 1298650 @30% = 89595/-

total = 219595
edu cess @ 2% = 4392/-
higher sec edu cess @ 1% = 2196/-

Total tax liability= 226183/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2013 thanks ketan sir :)


17 January 2013 I though one has to know abt other details also as deductions made u/s 80 etc to know abt tds liability.



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