what is the rate of tds below 60, if salary is rs. 20000.00
& 25000.00 and how to calculate.
Answer Posted / r.rai
SLAB 2013-2014
SALARY
OF RS. 20000 X 12 = 240000
0-200000 = 0 , 200000
200000-500000 = 10% , 40000
500000-1000000 = 20%
1000000 ABOVE = 30%
40000 X 10% = ( Rs.4000 TDS )
100000 X 10% = ( Rs. 10000 TDS)
Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
How will you calculate house rent allowance (hra)?
Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?
What's format of CMO & CMA Data?
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
what is cenvet credit in vat.
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
what is CST % applicable on garments sales to other state?
I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.
what is reverse credit & how it is calculated in vat law in west bengal?
plzzzzzz help me friend my question is, is the tds of part of income tax and when it deduct from salary and why becose tds is deduct only secoundry primary income like lotory etc..
What is DSCR and how to calculate the same.
Is there any change in the section 80DD for the financial year 2009-10
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.