For most salaried people tax is usually deducted at source(TDS) by the employer and deposited with the tax department. In above tax calculator system, If we find tax above 8.lack income then get 2060rs more,why. It is because you have not calculated for the Assessable year 2012-2013 and instead just put 2011-12 as assessable year.

Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. It is important to understand what TDS rates apply to you so that a better tax planning is done.

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