TDS kitna hoga

293 views 6 replies
hello all
kisi person ki monthly salary Rs 27000/- he
uska monthly TDS kitna katega
uska age-29 years he
Replies (6)
27000*10%

I think we need not deduct on complete Salary. Because, as per Income Tax slab, Salary upto Rs.2,50,000/- annually is exempt from Tax. Apart from that amount exempted amount, we need to deduct Tax of 10%.

 

2700 rs tds

2700 rs TDS monthly which comes to Rs.32,400/- annually. If you calculate after deducting the exemption of Rs.2,50,000/-, your TDS comes to Rs.7,400/- annually (i.e., Rs.27,000 X 12 = 3,24,000 minus Rs.2,50,000/- = Rs.74,000 X 10%). This is calculated only on Salary without Bonus.

tds rate is 5% for current f. y for slab rate between 250000 to 500000
and also rabate amount u/ s 87 is also available for 2500 if taxable amount is upto rs. 350000


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