Assistant Manager Tax Interview Question:

Suppose If my salary is 21855 per month for financial year April 2011 - march 2012 what tax will be deduct?

Submitted by: Murtaza

Monthly salary = 21855
annual salary = 21855*12 = 262260/-
as per India TDS rule on TDS will be deducted on annual salary
=>180000
so total annual salary 262260-180000 = 82260/-
TDS 82260*10.3% = 8472.78/-
and per month = 706/-
Submitted by: Murtaza