In this paper, we consider the $H_{infty}$ control of time-delayed linear systems with saturating actuators. The considered time-delay is a time-varying one having bounds on magnitude and time-derivative, and the control permits the predetermined degree of saturation. Based on two modified Lyapunov-Krasovskii(L-K) functionals, we derive a $H_{infty}$ control in the form of linear matrix inequalities(LMI) having three non-convex design parameters. The result is dependent on the characteristics of time-delay, predetermined degree of saturation level, and bound of disturbance. Finally, we give a comparative example to show the effectiveness and usefulness of our result.