Based on current TDS rates as in year 2018
An individual pays
1.) 10% TDS
If his/her income is between 2.5 to 5 Lakh,
2).) 20% TDS
If his/her income is between 5 to 10 Lakh,
3.) 30% TDS
If his/her income is above 10 Lakh.
However if funds are invested in Mutual Funds
Then a person can save upto Rs 45,000 TDS.
This is due to the taxable income deduction under section 80c.
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