if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain
Answers were Sorted based on User's Feedback
Answer / raju
Hello dear friends all of you,i want to know about tds acts
and rules and proceederes.if you have information about
these things please send me mail to raju17585@gmail.com
please inform me how to deduct upto435000
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / satyasai
Monthly salary of X is 28000
As New Income Tax Slab 2013
1)0-200000----No Tax
2)200001--500000 ---10 %
3)500001--800000------20 %
4)Above 800001--------30 %
In this above Example
His Total Income Is 28000*12=336000
As per IT Slabs up 2 lakhs Tax Exempted
so 336000-200000=136000
136000 come under first slab
so that tax would be 136000*10 %=13600
13600/12=1133
Then His Monthly Net salary is 26867.00
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sridhar
I have get salary 30000 how much amount i wiil
pay to tds please tell me and if have to the educationalcess
and s,h,e,s please send the information in my Email id
Is This Answer Correct ? | 3 Yes | 3 No |
Answer / trupti
New Tds rate on
Up to 160000 Nil
160001 - 500000 10%
500001 - 800000 20%
800001 - Above 30%
28000*12 = 336000
Less PT = 2400 (200*12)
Net Salary = 333600
333600-160000 =173600
17360 (173600*10%)
521 (17360*3%)
17881 (tds)
1490 (montly ded)
Rs. 28000-1490 = 26510 (monthly salary)
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rajan
Hello Sir, you have mentioned that If planned
correctly taking all the provisions into consideration a
salried individual need not pay a single paisa if his nett
income exceeds even 4,35,000/-,
Please suggest me to get ride of this tax burden. my net
salary is Rs.4,80,000. please send me the details. Thanks.
My e-mail ID : rajinisixar@gmail.com
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rashi shrivastav
New Tds rate on 1st Oct.2009
1st Slab Upto Rs.160000 - No TDS (Nil)
2nd Slab From 160000 to 300000 - 10%(TDS rate)
3rd Slab From 300001 to 500000 - 20% (TDS rate)
4th Slab Above 500000 - 30% (TDS rate)
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.160000 no TDS will be deducted.
So, 336000-160000 = 176000
its comes under 2st slab.
so, 176000*10% = 17600
(Which is for one year)
Total TAX (One Year) = 17600
TDS deduction per Month is, 17600/12 = Rs.1467
The Net Salary of Mr.X is,
28000-1467 = Rs.26533/-
Is This Answer Correct ? | 1 Yes | 2 No |
Answer / rasji
New Tds rate on 1st Oct.2009
(Edu, cess not applicable )
Upto Rs.160000 - No TDS (Nil)
From 160000 to 300000 - 10%(TDS rate)
From 300001 to 500000 - 20% (TDS rate)
Above 500000 - 30% (TDS rate)
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.160000 no TDS will be deducted.
So, 336000-160000 = 176000
its comes under 2st slab.
so, 176000*10% = 17600
(Which is for one year)
Total TAX (One Year) = 17600
TDS deduction per Month is, 17600/12 = Rs.1467
The Net Salary of Mr.X is,
28000-1467 = Rs.26533/-
Is This Answer Correct ? | 1 Yes | 3 No |
Expand C A P
how to entry of hra
Expand--------SRTA
What is the accounting treatment in the hands of reciever of bonus share or share recived due to demerger or share split.
EXPAND______________PGDIBO
What is the Full Form of ACCOUNT ?
hi,myself mona i m selected by the MUTHOOT FINANCE Ltd as a Account and operation officer,what kind of question they ask me in written test which include numerical and aptitude
2 Answers HDFC, Muthoot Group,
what is mean by Red herrting
Wat is the diff.between revenue and capital expenditure? Wat is meant by deffered revenue expenditure?
14 Answers TCI, TCS,
is indian bank or canara bank CBS brach?
13. The firm has 20,000 common shares authorized, 15,000 shares outstanding, and 3,000 shares of treasury stock. How much common equity shares are issued. a) 2,000 b) 5,000 c) 17,000 d) 18,000
8 Answers Capital IQ, FactSet Systems,
BEP= Fixed cost/Contribution*sales .Any other alternative formula 4 BEP .