Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


How we calculate TDS on Salary, They are taken net salary
either Gross salary

Answers were Sorted based on User's Feedback



How we calculate TDS on Salary, They are taken net salary either Gross salary ..

Answer / vasant

tds on salary is deduction after computation of individual 
like after all deduction we confirm slab rate if net income 
is taxeble then it is divided by 12 amount is deducted 
every month from salary
ex 
basic salary annual................100000
HRA.................................20000
conve................................800 
total __________________________________________
120800 
less slab: UPTO 2,50,000 NO INCOME TAX
                250001 TO 500000  TAX 10%
                500001 to 1000000 TAX 20%
                1000001 T0 ABOVE 30%  
NO TDS DEDUCT ABOVE SALARY

Is This Answer Correct ?    1 Yes 0 No

How we calculate TDS on Salary, They are taken net salary either Gross salary ..

Answer / pal.lokendra@yahoo.com

tds on salary is deduction after computation of individual
like after all deduction we confirm slab rate if net income
is taxeble then it is divided by 12 amount is ededucted
every month from salary
ex
basic salary annual................100000
HRA.................................20000
conve................................800
total __________________________________________
120800
less slab: 100000
taxable ______________________________
20000
now divied by 12 20000/12
tds every
month .......................rs.1666

Is This Answer Correct ?    13 Yes 13 No

How we calculate TDS on Salary, They are taken net salary either Gross salary ..

Answer / ganesh a. kulkarni

tds on salary is deduction after computation of individual
like after all deduction we confirm slab rate if net income
is taxeble then it is divided by 12 amount is ededucted
every month from salary
ex
basic salary annual................100000
HRA.................................20000
conve................................800
total __________________________________________
120800
less slab: 100000
taxable ______________________________
20000
As per 10% on Taxable 2000
now divied by 12 2000/12
tds every
month .......................rs.166.66

Is This Answer Correct ?    7 Yes 8 No

Post New Answer



More Taxation Interview Questions

sir, i have charged labour charges with material bill to x party for Rs.211000/- plz explain me how much TDS amount will deducte by party..

4 Answers  


what is tax rate for Companies for the Assessment year 2009-10?

3 Answers  


WCT charged on firm or on proprietor?

0 Answers  


What is the rate of TDS for commission?

7 Answers  


WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com

0 Answers   ITC Infotech,






what is the last date of return filling,payment of tds, professional tax,service tax, income tax, ESI,FBT for consultancy firm?

2 Answers  


how many type of tax form used for sales tax, vat,service tax, excise duty & other tax ? what is the theory of all type of taxes applied in india ?

2 Answers  


Whether Meeting of Board of Directors Can Be held at any Place other tan Registered Office.

4 Answers  


what is E1 FORM

2 Answers   GMC, UAS Pharmaceuticals,


if we are purchase in 45 vat tax than we can deduct tds on contract

0 Answers  


what is the diffrence b/w TIN and CST both are same?

3 Answers  


how to calculate vat, st, cst, excise duty, customs duty, tds.

0 Answers   3G Solutions,






Categories