How to Calculate your TDS Deductions for A.Y. 2012-13

New Tds rate on 01.04.2011

Upto (Male) Rs.180000 - No TDS (Nil)

Upto (Female) Rs.190000 - No TDS (Nil)

From 180001 to 300000 - 10%(TDS rate) (Male)

From 190001 to 300000 - 10%(TDS rate) (Female)

From 300001 to 500000 - 20% (")

Above 500000 - 30% (")

For Ex: Mr.X Earning Rs.28000 per month. TDS should be
deduct from his salary.

TDS Calculation:

RS.28000*12 = 336000

Approximate Exemption of Chapter VIII
(Rs. 5000/- Per month i.e. 60000/- (12 months))

Upto Rs.180000 no TDS will be deducted.

So, (336000-60000) - 180000 = 96000

its comes under 1st slab.

so, 96000*10% = 9600

(Which is for one year)

TotalTAX = 9600

TDS deduction per Month is, 9600/12 = Rs.800

The Net Salary of Mr.X is,

28000-800 = Rs.27200/-

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