5 Replies to “what tds has been deducted at the salary 3,60,000 p.a?”

  1. Presuming it to be your net taxable income for the current F.Y tax deduction of 10% will be made above income of Rs.180000 i.e Rs.18000 plus ed/sec.ed. cess( @ 10%). You can reduce your tax liability by investing in savings schemes like GPF,PPF, LIP,etc to the extent of Rs.100000 u/s80C of the Income tax Act and Rs. 20000 u/s 80CCF and the resulting tax liability will be only Rs.6000 + cess of 3%.

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