In FY2010-11, if person get salary 189600.00 after deduction
of Profession tax and his investment 11000/- in LIC for
whole year how many TDS deduct from his salary Pls reply i
am waiting for Answer.
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Answer Posted / naman singh
Gross total income=189600
Less -Profession tax 11000 Us80c
Taxable Income= 178600
Tax Liability:-
Up to 160000- Nil
160000 to 500000 -10%
500000 to 800000-20%
Above 800000 -30%
178600-160000=18600*10% =1860
1860*3%=56
1860+56=1916
Total Tax Payable =1916/-
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