tds on salary per month

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 June 2011 A. is earning 100000 per month than what is monthly tds please tell me soon because i have to submit tds or if it is possible u can send me tds calculator than it will be oblige

thanks please tell me as soon as

CA NIDHI VYAS

CA NIDHI VYAS (Expert)
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02 June 2011 See the computation below
This computation is for Individual

Total Income - Rs. 12,00,000/- (100000*12)
Basic Exe Limit - Rs. 180000/-
Deductions u/s. 80C (if any) - Maximum upto Rs. 120000/- [100000+20000(infrastructure bonds)]
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Taxable Amount Rs. 900000/-

Tax liability
Rs. 300000-500000 - 10% - Rs. 20000/-
Rs. 500000-800000 - 20% - Rs. 60000/-
Rs. 800000-1200000- 30% - Rs. 120000/-
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Rs. 180000/- + E.C. & SHEC @ 3% Rs. 5400/-
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Rs. 185400/-
TDS to be deducted = Tax Liability/12 months

TDS for the each month = Rs. 15450/-