if salary paid per month rs. 46500/- i will deduct tds from his salary please w

if salary paid per month rs. 46500/- i will deduct tds from
his salary please what i will do explain

Question Posted / prabhas

3 Answers
7315 Views
Wipro, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

if salary paid per month rs. 46500/- i will deduct tds from his salary please what i will do explai..

Answer / mohd waqas

FIRSTLY YOU WILL DO WORKING SHEET AS FOLLOWING
MONTHLY SALARY - 46500
YEARLY SALARY -46500*12= 558000
LESS HIS ALL DEDUCTIONS SPPOSE -100000
total income is 458000
Slab Rate SLABS RATE for f. y. 2010-11
Tax Liability if he is male or HUF
UPTO 160000 NIL
160001-500000 10% 298000 29800
500001-800000 20%
MORE THAN 80000030% 0 0
BASIC TAX 29800
ADD:E.CESS(2%) AND SHC(1%) 894
TOTAL TAX DUE(R.OFF IN RS) 30694

So 30694 divide for 12 and you will deduct Tax in his
Salary appeox-2600
We Hope you satisfied the answer.

Is This Answer Correct ?

13 Yes

5 No

if salary paid per month rs. 46500/- i will deduct tds from his salary please what i will do explai..

Answer / mohd waqas

FIRSTLY YOU WILL DO WORKING SHEET AS FOLLOWING
MONTHLY SALARY - 46500
YEARLY SALARY -46500*12= 558000
LESS HIS ALL DEDUCTIONS SPPOSE -100000
total income is 458000
Slab Rate SLABS RATE for f. y. 2010-11
Tax Liability if he is male or HUF
UPTO 160000 NIL
160001-500000 10% 298000 29800
500001-800000 20%
MORE THAN 80000030% 0 0
BASIC TAX 29800
ADD:E.CESS(2%) AND SHC(1%) 894
TOTAL TAX DUE(R.OFF IN RS) 30694

So 30694 divide by 12 and you will deduct Tax in monthly
basis in his Salary appeox-Rs. 2600
We Hope you satisfied the answer.

Is This Answer Correct ?

6 Yes

7 No

if salary paid per month rs. 46500/- i will deduct tds from his salary please what i will do explai..

Answer / ravi

FIRSTLY YOU WILL DO WORKING SHEET AS FOLLOWING
MONTHLY SALARY - 46500
YEARLY SALARY -46500*12= 558000
LESS HIS ALL DEDUCTIONS SPPOSE -100000
total income is 458000
Slab Rate SLABS RATE for f. y. 2010-11
Tax Liability if he is male or HUF
UPTO 160000 NIL
160001-500000 10% 298000 29800
Insurance 100000
------
(70200)
TOTAL TAX DUE(R.OFF IN RS)

So NILL divide for 12 and you will deduct Tax in his
Salary appeox-2600
We Hope you satisfied the answer.

Is This Answer Correct ?

2 Yes

7 No

Post New Answer

More Accounting General Interview Questions

I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

0 Answers Accenture,

Hey guyz I m looking for a Job in Accounts Sector can anyone help me I hve 2 yrs of work experience...

1 Answers

Please let me have the detailed answer about journal entry in tally and difference between sales and journal entry.

2 Answers

What is a ledger?

0 Answers

Different types of payment methods

1 Answers Accenture,

How can I put Bank Guarantee Receipt entry in Tally ERP9?

0 Answers Shaqab,

What is the difference between cfa and csa?