Answer Posted / sanjay kumar

The TDS Slab is,

Upto Rs.180000 - No TDS (Nil)

From 180001 to 500000 - 10%(TDS rate)

From 500001 to 800000 - 20% (TDS rate)

Above 800001 - 30.3% (TDS rate)


TDS Calculation:

RS.40000*12 = 4,80,000
Upto Rs.180000 no TDS will be deducted.
So, 4,80,000-180000 = 300000
its comes under 2nd slab.
so, 300000*20% = 6000 (Which is for one year)

TDS deduction per Month is, 6000/12 = Rs.500

The Net Salary Decuted ,

40000-500 = Rs.39500

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