What is minimum limit of TDS on salary payment?

Question

What is minimum limit of TDS on salary payment?

Answer 1

You should read this about the tax rates

http://mytaxes.in/index.php?topic=16.0

Also read Income From Salary

http://mytaxes.in/index.php?topic=17.0

Answer 2

http://sify.com/finance/tax/fullstory.ph...

Answer 3

For FY2008-09, the TDS slabs are as follows for salaried individual:

General:

Up to Rs.150,000--------------NIL

Rs.150,001 to Rs.300,000-----10 per cent

Rs.300,001 to Rs.500,000-----20 per cent

Rs.500,001 and above---------30 per cent

Women:

Up to Rs.180,000--------------NIL

Rs.180,001 to Rs.300,000-----10 per cent

Rs.300,001 to Rs.500,000-----20 per cent

Rs.500,001 and above---------30 per cent

Senior Citizens:

Up to Rs.225,000--------------NIL

Rs.225,001 to Rs.300,000-----10 per cent

Rs.300,001 to Rs.500,000-----20 per cent

Rs.500,001 and above---------30 per cent