How to Calculate Monthly TDS for an Employee Earning Rs. 42,000 with Deductions?

Dear HR Skippers, Greetings for the Day! I would like to know what the monthly tax deduction will be for an employee withdrawing a gross salary of Rs. 42,000 per month post deductions.

TDS Declarations

His TDS declarations are as follows:
- Monthly Rent: Rs. 15,000
- LIC Premium Paid: Rs. 50,000
- 2 Policies of Rs. 25,000 each, i.e., Rs. 50,000

I request you all to provide an approximate/accurate figure of TDS monthly, as I need to advise the same to my employee.

Regards

You have not mentioned how much basic and HRA amount you are providing to your employees. Normally, companies will follow 40% of Basic and 20% of HRA. I am assuming based on the Gross Salary you mentioned as 42,000/-.

Salary Breakdown

Basic = 16,800/-
HRA = 8,400

Gross salary (PA) = 5,04,000/-
Less HRA Exempt = 73,290/-
Conveyance = 9,600/-
Medical Expenditure = 15,000/- (Medical Bills should be submitted)
Gross Salary = 4,06,110/-
Less Dec 80C = 50,000/-
Professional tax = 2,400/-
Taxable Salary = 3,53,710
Tax on salary income = 15,832/-

Thank you.

Thank you for your reply. Please find below the salary details:

Salary Breakdown

Basic: 7,500
HRA: 3,750
Conveyance Allowance: 800
Special Allowance: 29,325
Medical Allowance: 625

Gross Salary

GROSS SALARY: 42,000
LTA: 625
Ex-Gratia: 625
PF: 900
Gratuity: 361

CTC per Month

CTC per Month: 44,511

Job Location: Delhi

Regards

Salary Calculation for FY 12-13 AY 13-14

Please find the attached sheet for salary calculation for FY 12-13 AY 13-14. As per your quoted salary, it is calculated as follows:

- **Basic Salary:** ₹90,000 (PA)
- **HRA:** ₹45,000/- (PA)
- **Conveyance:** ₹8,600/- (PA)
- **Other Allowances:** ₹3,51,900/- (PA)
- **Medical Reimbursement:** ₹7,500/- (PA)
- **Gross Salary Income:** ₹5,04,000/-

Deductions

- **HRA Exempted:** ₹41,250/-
- **Conveyance Allowance:** ₹9,600/-
- **Medical Reimbursement:** ₹7,500/-
- **Professional Tax:** ₹2,400 (It varies from state to state)
- **Gross Total Income:** ₹4,43,250/-

Further Deductions

- **LIC Paid:** ₹50,000/-
- **PF (Employee Contribution):** ₹10,800/-
- **Net Total Taxable Income:** ₹3,82,450/-
- **Tax on Income:** ₹18,245/-
- **Education Cess:** ₹547/-
- **Total Tax for FY 12-13 is:** ₹18,792/-
- **Monthly deduction should be:** ₹1,566/-

Note: Already 7 months over.

Thank you.