Answer Posted / arjun chauhan

taxable income 50000*12=6,00,000

tds on salary
o to 180000 = NIL
180000 to 500000 = 10%
500000 to 800000 = 20%
800000 above = 30%

so our total yearly income 600000
tax 180000 = nil
600000-180000=420000
so because second slope of income tax is 500000 then
320000*10%=32000
100000*20%=20000
so total taxable income = 52000

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