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Tds on monthly salary of 100,000, Income Tax |
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Tds on monthly salary of 100,000 |
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how much tds will be deducted on monthly salary of 100,000 Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
The monthly salary is multiplied into twelve and any other eligible deductions are taken iinto account and then the total tax deductable is to be calculated for the entire year and divided by 12 and the said amount may be recovered as TDS for the current month.
The taxability on income depends on income tax slab and after deducting eligible deductions from gross income. If net income goes above slab then income tax will be deducted by way of Tds.if you mention the financial year and investment details we can work out for you.
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