if salary paid per month rs. 46500/- i will deduct tds from
his salary please what i will do explain

Answer Posted / ravi

FIRSTLY YOU WILL DO WORKING SHEET AS FOLLOWING
MONTHLY SALARY - 46500
YEARLY SALARY -46500*12= 558000
LESS HIS ALL DEDUCTIONS SPPOSE -100000
total income is 458000
Slab Rate SLABS RATE for f. y. 2010-11
Tax Liability if he is male or HUF
UPTO 160000 NIL
160001-500000 10% 298000 29800
Insurance 100000
------
(70200)
TOTAL TAX DUE(R.OFF IN RS)

So NILL divide for 12 and you will deduct Tax in his
Salary appeox-2600
We Hope you satisfied the answer.

Is This Answer Correct ?    2 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the major components of country's trade account?

2514


how to geting finished goods cost with included it's all BOM and all production order cost in sap?

1445


WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM

1661


I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?

1286


how to calculate basic to gross salary

1523






how we can calculate sundry debtors and crditors a/c?show some examples

5033


what is the due date of 28th feb

1860


what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?

2809


For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

1374


How to group the companies in tally?

1563


What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

8165


what is the procedure to appoint an Austrlian citzen as indian company director...

1356


Wha is difference between expenses and expenditure

1351


Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.

1716


Define public accounting?

653