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Dear All,
Is this calculation is right?
How to deduct TDS from ctc.
eg:ctc-3,90,000 /// we minus275000=115000.for 115000 5% which is5750.minus 5750 with 390000,we get384250 rs by dividing 384250 by 12,we get 32020,does 32320 is the take home of an emp.
Slab:0 to2.75lac-nill
2.75 to 5 lac-5 %
5 to 10 lac -10%
10 lac above 20%
pls clarify.
Thanks
keerthi

hi Calculate the Savings also Rg/Dinesh 9087206777
Dear Members, Shouldn’t TDS be done on gross, rather than CTC. CTC will have many components that is non-taxable for the employee. Please advise.
Hi Dinesh,
what are the saving components ,Asked Hr, what are the deductions in ctc, he said only tds, they fixed 32,500 as monthly ctc and my take home is 32000
i.e32000 is take home
2.500 rs is tds by above slab is it right?
Reg
Keerthi

HI, Saving components are external savings rg DInesh
Dear Keerthi,
Employer can only TDS if employee fails to submit his investment declaration. They just can't deduct fix amount from salary without taking their investment declaration. You can ask for salary structure from the employer to know the exact salary and deduction components. You can provide your investment declaration to get exemption from tax slab. Investment declaration can include your LIC or other tax saving policy details, mediclaim, conveyance, your interest on home loan or rent paid, etc.
Regards,
Manish

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