How we calculate TDS on Salary, They are taken net salary
either Gross salary
- 3 Answers
- 11172 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 |
can i issue tax invoice or retail invoice in case of form 38(road permit) available and tin no. applied for and tax rate CST 2% or full 12.50%(seller delhi buyer haryana)
OUR CO. ACCEPT SODEXO COUPONS FORM CUSTOMERS; WHEN WE SUBMIT COUPONS FOR REIMBURSEMENT TO SODEXO THEY DEDUCT SERVICE CHGS AND S. TAX AND PAY BALANCE AMOUNT, DOSE IT ATTRACT TDS?
Explain the Calculation of Sales Tax?
1 Answers Cognizant, Petron ltd,
i have received bill from civil work contractor in that they charges Service tax & vat on same amount & .Please clarify
what is wct? what is it applied ?
what is the rate of tax, when goos purchased from outside the state without way bill
procedure to get Raw Material free of excise duty under Central Excise Act,
can we do manual tds return file or r-tds is complusry? if we can do manual tds return file, where i have to go for return file. like we go to income tax department for Income tax return file in manula tds case.
what is the rate of taxes for works contract
What is the meaning of dealer?
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
What do you understand by transfer income?
Audit 
