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For Salary class up to maximum salary how much without deducting the TDS? After for how calculate the TDS?


For Salary class up to maximum salary how much without deducting the TDS? After for how calculate the TDS?

Mr.p.amol has explained in full to your question in short. I am giving you still more information which you have not asked also.

For salary class or for business the tax slabs are same. For Male <65 years of age it is Rs.1,10,000, and for Female <65 years of age it is 1,45,000 for this running financial year. Over and above that amount the TDS will be deducted from the salary.

Further, if you have any tax savings U/s 80c like LIC premium, NSC, PPF etc, then the TDS will be done taking this into consideration. You have to inform about your tax savings to your company. Read the below web pages for more about 80C benifit.

http://www.rediff.com/getahead/2005/dec/...

tax is payable on income if it exceeds
for males :- 110 k.
for females 145 k.

calculate tax assuming probable investments, and divide by 12.
this gives tds for every month

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