Tds on monthly salary of 100,000

[ashutosh mishra]

how much tds will be deducted on monthly salary of 100,000

AI Summary

Understanding TDS on Monthly Salary: Calculate Annual Salary, Apply Deductions, Divide by 12 for TDS Amount. A query was raised regarding the tax deducted at source (TDS) on a monthly salary of 100,000. Two responses were provided. The first response explained that the annual salary should be calculated, eligible deductions considered, and the total tax determined for the year, which is then divided by 12 to find the monthly TDS amount. The second response stated that TDS depends on income tax slabs and eligible deductions. It suggested that specific financial year and investment details are needed for precise calculations.