Please guide how to do TDS calculation for employees if employee is showing investment.
Suppose my salary is 25000 thousand and every month 3000 Rs I am paying for LIC premium then how investment is calculated for TDS deduction.
I just know that on gross there should be 10.3 % deduction. If I am wrong please correct and Guide me how to do TDS calculation for those who are having investment plans and those who are not having investment plans.
If there is any formula please provide me.
9th January 2012 From India, Mumbai
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