How we calculate TDS on Salary, They are taken net salary
either Gross salary
- 3 Answers
- 9782 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
what is the under group of tds payable. when deducted tds on salary.
what do u meant by investment banking
what is capital account? how to manage it? what is the process?
witch one is the best book of Tax preparation tell me as soon as waiting for ur reply .
Do we deduct TDS while making payment for AMC of UPS / computer of less then Rs.5000/- if yes then @ what rate?
8 Answers Ask Agro Chemicals, Atlantic BPO,
what rate is entry tax is it same for all states
What are the procedures for remitting WCT?
what is excise return form ?
We R doing Yarn Dyeing by purchasing in India & exporting to Overseas, We can purchase the yarn against form H ?
What is the value of the Budget for 2009-10
which items should be covered the Entry Tax by HP Govt instead of Purchased
Write entry for interest receivable from bank Rs. 15000 TDS 2250.
26 Answers Datamatics, Kalash Commodity, Overnite Express,
Audit 
