Understanding TDS on Salary: Can Someone Explain It Step-by-Step?

Understanding TDS: Step-by-Step Guidance

I want to know about TDS step by step. Can anyone help me out?

Thanks & Regards,
Lisha

If you want the detailed TDS calculator, I can email it to you. In short, it works like this:

Total Gross Salary

Less Exemptions:
- HRA,
- Medical,
- and others

Less Deductions

Less Other Taxes Paid

Add Other Income Earned

Net Taxable Income

Tax on Taxable Income

EC

HEC

Total Tax Payable

Regards,

Please review the sheet. You are required to enter data only in the exemption data and payroll image sections; all other fields are automated. Alternatively, you can refer to the first sheet and manually calculate the deductions/exemptions to understand how the tax is computed. This sheet is set up for the financial year 2012-2013, and I am in the process of preparing a new one for 2013-2014. Enable all macros. If you encounter any issues, please email me at [Email Removed For Privacy Reasons].

Thank you.
Regards