if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain
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Answer Posted / satyasai
Monthly salary of X is 28000
As New Income Tax Slab 2013
1)0-200000----No Tax
2)200001--500000 ---10 %
3)500001--800000------20 %
4)Above 800001--------30 %
In this above Example
His Total Income Is 28000*12=336000
As per IT Slabs up 2 lakhs Tax Exempted
so 336000-200000=136000
136000 come under first slab
so that tax would be 136000*10 %=13600
13600/12=1133
Then His Monthly Net salary is 26867.00
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