In FY2010-11, if person get salary 189600.00 after deduction
of Profession tax and his investment 11000/- in LIC for
whole year how many TDS deduct from his salary Pls reply i
am waiting for Answer.
Answers were Sorted based on User's Feedback
Answer / krishnakumar jaiswal
|Is This Answer Correct ?||6 Yes||0 No|
Answer / seema pandey
Gross Total Income 189600
Taxable Income 178600
Income Tax calculation
500000-800000 - 20%
Above 800000- 30%
178600-160000 = 18600x10%
1860+3%(Education Cess 0r Higher education cess)
Total Tax Payable - 1916/=
|Is This Answer Correct ?||7 Yes||1 No|
Answer / naman singh
Gross total income=189600
Less -Profession tax 11000 Us80c
Taxable Income= 178600
Up to 160000- Nil
160000 to 500000 -10%
500000 to 800000-20%
Above 800000 -30%
Total Tax Payable =1916/-
|Is This Answer Correct ?||1 Yes||0 No|
Answer / subhash a.
Dear friends he is seeking our advise.
But why u people r not considering the transport allowance
of ZRs. 800/- per month under deductions.
Rs. 9600/- (800 x 12) is straightway avaliable to him. U can
deduct it from taxable income. Even after that HRA is
available to him. Why dont u consider that?
He may not be subject to TDS after deducting these 2.
|Is This Answer Correct ?||0 Yes||2 No|
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