For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.

TDS Calculation:

RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 186000*10.3% = 19158 (Which is for one year)

For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.

TDS Calculation:

RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.

Taxable amount up to 3lakh
so its come to First and second slab
150000*10%=15000
And Next 36000*20%= 7200
TAX = 22200
Add Edu.Cess3%= 666
Total = 22866

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% (")

Above 500000 - 30% (")

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 1st slab.
so, 140000*10% = 14000
(Which is for one year)

For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.

TDS Calculation:

RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 150000*10% = 15000
(Which is for one year)

And Next 36000*20%= 7200
TAX = 22200
Add Edu.Cess3%= 666
Total = 22866

For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.

TDS Calculation:

RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 150000*10% = 15000
(Which is for one year)

And Next 36000*20%= 7200
TAX = 22200
Add Edu.Cess3%= 666
Total = 22866

Hullow mr Jagmohan and Manish Kumar both of your
explanations are not correct. The question is lack of
clarity. He didnt clear it as gross salary or Nett salary.
The nett if exceeds 1,50,000 attracts tax. You pl note the
basic exemption is 1,50,000. In addition to that exemptions
under Section 10 and Chapter Vi were there. 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/-Pl send your mail.id I will
send you a Lay Man tax plan to avoid tax burden

He is getting salary Rs. 28000/- P.m from april to Oct.
deducted TDS Rs. 1906/- pm Now salary paid per month rs.
35000/-(w.e.f Nov.09) how will deduct tds from
his salary please what i will do explain

Mr. Satyanarayana Raju Sir, Above you were talking about 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/-,
Can you please send me how it is possible in detail.
My e-mail ID is s.jimil.1985@gmail.com

For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.

TDS Calculation:

RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 186000*10.3% = 19158 (Which is for one year)

We are an educational institution head office in chennai.
We don't have Tin Nos. Sales Tax nos, and CST Nos. we have
only Service tax nos. if i purchase a computer in chennai
and i transfer it to our institute which is in bangalore.Is
it possible. what are the documents required for this.

What is the entry for payment made to the distributor after
deducting TDS and adjusting the credit note raised by them.
For Ex: actual amount to pay rs.1000
TDS deducted rs.200
credit note of rs.500