Section 192 governs TDS deduction on salary by employers. The TDS is calculated based on the employee's expected annual income, applicable slabs (old or new regime), and projected deductions. Enter your annual CTC, regime preference, and deductions - the calculator shows the monthly TDS your employer should deduct, plus annual tax liability.
When to use this
Use when: starting a new job and you want to estimate the take-home, switching regimes (old to new or vice versa) mid-year, verifying your Form 16 / monthly payslip TDS, planning for advance tax if salary alone doesn't cover your full tax liability.
Frequently Asked Questions
What if I switch jobs mid-year?
Submit Form 12B to the new employer with details of salary + TDS from the previous employer. Without it, the new employer will calculate TDS only on their portion - leaving you with a big self-assessment tax shortfall at year-end. Form 12B prevents this.
Can my employer deduct TDS on my income from other sources?
Optionally yes - tell your employer about other income (rent, FD interest, freelance) in writing and they can deduct TDS on the total. Otherwise, you'll need to pay advance tax / self-assessment tax separately on the other income.
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