How to calculate tds montly basis? what is the slab rate (for male)?

Hi,

The slab rate for male is -
Up to 110000 - Nil
Next 40000 - 10%
Next 100000 - 20%
Above - 30%

For male/female above 65yr age -
Up to 195000 - Nil
Next up to 250000 - 20%
Above - 30%

after calculating tax add surchage @ 10% (if taxable income is more than 10 Lacs) and then add Education cess @ 3%.

For calculating monthly tds first you have to determine the full tax liablity of the year and then devide it proportionately for the months in the year.

Bye

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