how to deduct tds

1. TDS FROM LADY GETTING 15,000 P.M.TOTAL 1,80,000 BASIC EXEMPTION LIMIT FOR LADIES 1,45,000. TOTAL TAX LIABILITY IS 6695. YOU CAN DEDUCT AVERAGE MONTHLY TDS FROM HER SALARY PER MONTH. 2.GENT GETTING SALARY OF 2,40,000. DEDUCT LIC OF 20,000 (ESTIMATED). BALANCE 2,20,000. YEARLY TAX LIABILITY IS 18540.YOU CAN DEDUCT 1545 FROM HIS MONTHLY SALARY AS TDS HOPE IT IS CLEAR TO YOU.

hi gaurav if u want to deduct tds on salary of lady for rs.15000 pm if she has no LIC etc.to claim deduction then straight forward calculate tax on her annual income of salary ie rs 180000 after giving her deduction rs135000 and app;ying slab on the balane income the tax arrises rs 7500 and monthly tax comes to rs625 if it is for A/Y 2008-09 deduction is rs 145000 and rest procedure is same FOR GENTS same procedure is to be followed and deduction is rs 100000 for A/Y 07-08 and for A/Y 08-09 is rs110000 providing the deductioin for LIC AND calculating tax applying the given slab an d takin g out th e monthly amount of tax

Dear Sir

 

Please help me to know how calculate tds on monthly salary

can we receive cash amount more than 20000 in a day from any person having pan.