TDS ON SALARY – Semantic Taxgen Pvt Ltd
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TDS ON SALARY

November 11, 2017

TDS on salary is nothing but calculation of Tax on the Taxable salary after making the adjustments of  allowances , perquisite (as per criteria of Salary Head) , Loss if any under chapter of House property and deduction under chapter VI-A , if the above calculation leads to the Taxable income more than 2,50,000 for A/y 18-19 than Tax (TDS) be calculated as follows as per the criteria of Individual:-

Tax Rate %               Individuals HUF/                      Senior Citizen                                  Senior Citizen
AOP/BOI                                          Age >60 and < 80                                  Age > 80
0                                   Up to 2,50,000                                         Up to 3,00,000                             Up to 5,00,000
5                                 2,50,001 to 5,00,000                            3,00,001 to 5,00,000                                    –
20                             5,00,001 to 10,00,000                           5,00,001 to 10,00,000                  5,00,001 to 10,00,000
30                                Above 10,00,000                                     Above 10,00,000                            Above 10,00,000

Let us understand with the example how we should calculate the TDS :-

 

 

 

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