If my Basic Salary is Rs.23000/- than what is the tax impact on it ie PF,ESIC,PT & TDS with calculation.
and also if i had received only 9mth salary.
- 1 Answers
- 12280 Views
- Triple A Overseas Ltd, I also Faced
- E-Mail Answers
Answer Posted / jaya sankar kumar
23000*12=276000 is ur basic salary
1. PF = 15000 or ur salary which ever is lower
i.e., 15000*12% = 1800 p.m. or 21600 p.a.
2. ESI = 0 for u bcoz ur salary is more than 15000 so ESI will not applicable to u. It is assumed that ur salary was increased to 23000 before 6 months means within last 6 months ur salary was not </= 15000
3. PT = 200 p.m. or 200*12 = 2400 p.a.
4. Gross Income = Annual Salary 276000 less deductions U/S 80C - upto 150000 (for u it is 21600 PF) + U?S 16(iii) 2400 total = 24000
5. Net Income = 276000-24000 = 252000
6. TDS = 252000 - Basic Exemption Limit (250000) = 2000 p.a.
7. TDS to be deducted per month = 2000/12 = 166.67
Even if u received 9 mnths salary u should pay the same amount.
But in case if u worked in that year 9 months it will vary.
| Is This Answer Correct ? | 8 Yes | 5 No |
Post New Answer View All Answers
How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.
what is deemed sales? how to calculated
If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
what is fbt@ ,sd @
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.
I have mentioned the buyer as in Kolkata and the consignee's in Jharkhand now the consignee has issued the C Form whether the C Forms is acceptable or not kindly help me
Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
what is the scope of business taxation in private company?
i want about TDS full details with Limit,Rate and Entry in Tally ?
Define previous year.
What is the difference between the excise duty and the sales tax?
