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