EXPLAIN ABOUT TDS?

Answer Posted / tamil selvan

TDS on Salary for the current FY i.e. 2009-10


TDS - TAX deducted at source

for individual Tax payer
upto 160000 - nil
160001 - 300000 -10%
300001 - 500000 -20%
above 500000 - 30%

For woman
upto 190000 - nil
190001 - 300000 -10%
300001 - 500000 -20%
above 500000 - 30%

for senior citizen
upto 240000 - nil
240001 - 300000 -10%
300001 - 500000 -20%
above 500000 - 30%

Is This Answer Correct ?    19 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai

1225


if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

1148


WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify

1328


procedure to get Raw Material free of excise duty under Central Excise Act,

1390


can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax

1322






Hai iam a VAT Registered dealer am a manufacturer and am going to sell my products to unregistered dealers i can pay d 4% vat.. how can i make my bill format for this sgrc.gy@gmail.com. anybdy kno means pls mail me.

1604


Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?

1490


How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.

11180


I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com

1478


How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.

1665


can TDS be deducted(in Jharkhand) from the bill of a supplier who supplies goods from Delhi to Jharkhand taxable @12.5% under jharkhand VAT ACT?Whether Entry tax is also deductible in this case

2345


if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally

1079


CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.

1700


if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount

1462


How many heads are there under total income?

859