1. Categories >> Accounting >> Accounting AllOther
  2. Suggest New Category

In FY2010-11, if person get salary 189600.00 after deduction
of Profession tax and his investment 11000/- in LIC for
whole year how many TDS deduct from his salary Pls reply i
am waiting for Answer.

Question Posted / shlok

Answers were Sorted based on User's Feedback



In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

Answer / krishnakumar jaiswal

189600.00
- 11000.00
___________-
178600.00
- 160000.00
___________
18600.00
* 1860.00
* 56.00
___________
1916.00

Is This Answer Correct ?    6 Yes 0 No

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

Answer / seema pandey

Gross Total Income 189600
Deductions 11000

Taxable Income 178600
Income Tax calculation
upto 160000-Nil
160000-500000 -10%
500000-800000 - 20%
Above 800000- 30%
178600-160000 = 18600x10%
1860+3%(Education Cess 0r Higher education cess)
1860+56 =1916
Total Tax Payable - 1916/=

Is This Answer Correct ?    7 Yes 1 No

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

Answer / naman singh

Gross total income=189600
Less -Profession tax 11000 Us80c

Taxable Income= 178600
Tax Liability:-
Up to 160000- Nil
160000 to 500000 -10%
500000 to 800000-20%
Above 800000 -30%
178600-160000=18600*10% =1860
1860*3%=56
1860+56=1916
Total Tax Payable =1916/-

Is This Answer Correct ?    1 Yes 0 No

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

Answer / jayalakshmi

Rate of Tds is 10% + 10.3% Surcharge and educ cess

Is This Answer Correct ?    0 Yes 0 No

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

Answer / subhash a.

Dear friends he is seeking our advise.
But why u people r not considering the transport allowance
of ZRs. 800/- per month under deductions.

Rs. 9600/- (800 x 12) is straightway avaliable to him. U can
deduct it from taxable income. Even after that HRA is
available to him. Why dont u consider that?

He may not be subject to TDS after deducting these 2.

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Accounting AllOther Interview Questions

Is depreciation a expense or income?

0 Answers   Sail,

What is the latest ralte of TDS on contractors or professional ?

6 Answers  

I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??

0 Answers  

what is mean by T and E cosept

0 Answers  

What is Contra entry?

12 Answers  




EXPAND_________SEC

0 Answers  

Pls Explain Accounting Standered 1,3,11,29

0 Answers  

what is Functional Specification in SAP FICO?

0 Answers  

What is the difference between equity shares & preferred shares?

10 Answers   eClerx, JPMorgan Chase, Patni,

Expand ________BLIS

2 Answers  

What is meant by Cost Accounting? How it is different from Financial Accounting?

1 Answers  

Expand-------MRR

1 Answers  

For more Accounting AllOther Interview Questions Click Here
Categories