WE HAVE PAID SALARY 200000 PER MONTH
a)COMPANY ALSO PAID HER HOUSE RENT WHICH IS 12000/- MONTH.
b)FURNITURE PROVIDE WHICH COST IS 175000/
I WANT SUGGESTION HOW DEDUCTED HER TDS PER MONTH
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Answer / sandeep
basic salary 200000
rent 12000
furniture allowancess 1458.34
Total salary 213458.34
less dipriciation on furniture at 10% per annum
175000*10/100= 17500
17500*1/12 = 1458.34
calculation of tds
tatal salary 213458.34
Basic exemtion 160000
160000 to 213458.34 at 10%
53458.34*10/100
tds is 5345.834
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