Understanding TDS on Salary Slabs: Can Someone Help Me with Urgent Guidance?

foramIT
Hi all, currently, I am working in HR at a software company. I would like to understand how TDS (Tax Deducted at Source) can be calculated on various salary slabs. My background is in Science, so I don't have much knowledge about this. Could you please guide me as soon as possible? Additionally, could you provide me with the calculation format? This is urgent.

Thanks.
nitinrbp1
Income Tax Slabs for the Year 2012-2013

X to 180,000 = Nil
180,001 to 500,000 = 10%
500,001 to 800,000 = 20%
800,001 and above = 30%

Additional Cess

- Education Cess = 2%
- Secondary and Higher Education Cess = 1%
hmohanr
Hi, just look at these attachments. I hope they will be useful.

Regards,
Mohan D.
2 Attachment(s) [Login To View]

foramIT
Thanks for your reply. You have shared valuable information, but my company is in the startup phase, so I need to establish a policy for TDS calculation for the employees. I am unsure of what to do. Can you please help?

Please assist me with this matter.

Thank you.
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