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how to calculate T.D.S on the basis of current I.Tax slab if
the monthly salary is 50,000 p.m.

Answer Posted / manish.panchal

taxable income=50000*12=600000

TDS on salary
180000-nil
180001 to 500000-10%
500001 to 800000-20%
800001 above -30%

600000-180000=420000
420000*10% =42000
cess 3% = 1260

total=43260p.a

43260/12=3605p.m.
TDS will be deduct 3605p.m from salary.
Before Deducting TDS consider allowable deduction like
Insurance, House Rent Housing Loan, Car Loan etc. if taken

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