Dear sir/Madam,
I want to know that how to calculate tds on salary. if my salary is 42000 p.m. then how much tds will be payble.kindly tell me with tds chart on salary.for this i will be very thankful to you.
chandan singh (Senior Finance Associates) (49 Points)
10 April 2018Dear sir/Madam,
I want to know that how to calculate tds on salary. if my salary is 42000 p.m. then how much tds will be payble.kindly tell me with tds chart on salary.for this i will be very thankful to you.
Rahul Prajapati
(Student)
(2282 Points)
Replied 10 April 2018
TDS on salary is calculated by considering normal Slab rates.
Provide your Breakup of salary i.e; Basic, TA etc.
| Income Tax Slab | Tax Rate | |
|---|---|---|
| Income up to Rs 2,50,000* | No tax | |
| Income from Rs 2,50,000 – Rs 5,00,000 | 5% | |
| Income from Rs 5,00,000 – 10,00,000 | 20% | |
| Income more than Rs 10,00,000 | 30% |
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1693 Points)
Replied 10 April 2018
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