how to calculate T.D.S on the basis of current I.Tax slab if
the monthly salary is 50,000 p.m.
- 8 Answers
- 19665 Views
- I also Faced
- E-Mail Answers
Answer Posted / manish.panchal
taxable income=50000*12=600000
TDS on salary
180000-nil
180001 to 500000-10%
500001 to 800000-20%
800001 above -30%
600000-180000=420000
420000*10% =42000
cess 3% = 1260
total=43260p.a
43260/12=3605p.m.
TDS will be deduct 3605p.m from salary.
Before Deducting TDS consider allowable deduction like
Insurance, House Rent Housing Loan, Car Loan etc. if taken
| Is This Answer Correct ? | 4 Yes | 4 No |
Post New Answer View All Answers
please explain what is actually E-15 what is its process and also what its importance.
how to calculate vat, st, cst, excise duty, customs duty, tds.
is there any specific percentage related to lower tax deduction under tds
What is permanent account number (pan)?
Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??
Is there any change in the section 80E for the financial year 2009-10
if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
why VAT not charged in deemed sales bill.
What do you understand by dissolution of firm?
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You
we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?
what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom
How do I get a C form with the bank Guarantee?
