AP TS Employees Online TDS Calculator Income Tax U/s192
Every employer who is liable to make payment shall deduct tax at source and remit the same into the account of Central Government as per Section 192 the Income Tax Act, 1961. Here we are providing Online TDS Calculator for the employees of AP and Telangana. By using this online TDS Calculator employee can easily assess how much amount should deduct towards TDS. This software is very useful for DDOs to assess monthly TDS of their employee.
AP, TS Employees Online TDS Calculator Click Here
What is TDS IT Act of 1961 U/s 1961
The Income Tax Act of 1961’s Section 192 addresses tax withheld at source (TDS) on salaries. TDS will be taken out of your salary by your employer. Your employer will be responsible for withholding TDS from your salary at the standard income tax rates that apply to you for the relevant financial year. Your salary is classified as “Income” under the heading “Salary.” Form 16 is given to the employee by the employer and includes the TDS that was deducted in accordance with Section 192.
How to Use Ibadi.in TDS Online Calculator
Fist login to the website ibadi.in and click on the link TDS Online Calculator.
- Select the state from the drop-down provided.
- Select your basic pay as on March-2022.
- Select the increment month.
- Select HRA category of your locality.
- Enter if any House Loan interest in the specified field.
- Enter if any other entitled allowance received from salary.
- Enter any other allowances received on Salary
- Click on Calculate Button.
- Check your approximate TDS and download PDF for future use.
Employer is Responsible of TDS Deduction
TDS on a salary refers the employer’s deduction of tax of employee at the time the salary is deposited into the employee’s account. The employer deposits the sum taken from the employee’s account with the government. An employer must register for a TAN before deducting tax at source from an employee’s salary. The Tax Deduction and Collection Account Number, or TAN number, is essentially a 10-digit alphanumeric code used by the Income Tax Department to track TDS deduction and remittance.
Basic Exemption Limit of TDS Deduction
Here we are providing the table showing basic exemption limit as per the age who does not require deduct TDS.
| Age of the Individual |
Minimum income from Salary |
| Resident in India below 60 years | Rs 2.5 lakh |
| Senior Citizens between 60 years and below 80 years | Rs 3 lakh |
| Super Senior Citizens above 80 years | Rs 5 lakh |
Model Calculation of TDS from monthly salary of an Individual
| Particulars Emoluments |
Working | Amount in Rupees |
| Gross Salary | Rs.12,00,000 | |
| Less: Standard deduction | Rs.50,000 | |
| Gross Taxable income | Rs.11,50,000 | |
| Chapter VI-A deductions(Savings and Other 80C) | Rs.1,50,000 | |
| Taxable income | Rs.10,00,000 | |
| Tax as per applicable slab rates 0 to Rs 2.5 lakh – Nil Rs 2.5 lakh to Rs 5 lakh – 5% Rs 5 lakh to Rs 10 lakh – 20% |
0 |
Rs.1,12,500 |
| Cess @ 4%(Edn & Health) | Rs.4,500 | |
| Total tax | Rs.1,17,000 |
If there are twelve months remaining for TDS deduction in the financial year the employer will deduct TDS as per the u/s 192 = Rs 1,17,000 / 12 = Rs 9,750.