Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 5 Answers
- 6769 Views
- ICICI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / krishnakumar jaiswal
189600.00
- 11000.00
___________-
178600.00
- 160000.00
___________
18600.00
* 1860.00
* 56.00
___________
1916.00
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / seema pandey
Gross Total Income 189600
Deductions 11000
Taxable Income 178600
Income Tax calculation
upto 160000-Nil
160000-500000 -10%
500000-800000 - 20%
Above 800000- 30%
178600-160000 = 18600x10%
1860+3%(Education Cess 0r Higher education cess)
1860+56 =1916
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
Tax Liability:-
Up to 160000- Nil
160000 to 500000 -10%
500000 to 800000-20%
Above 800000 -30%
178600-160000=18600*10% =1860
1860*3%=56
1860+56=1916
Total Tax Payable =1916/-
| Is This Answer Correct ? | 1 Yes | 0 No |
Rate of Tds is 10% + 10.3% Surcharge and educ cess
| Is This Answer Correct ? | 0 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 |
I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?
to attend interview for real estate company accounts
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
how we can show cash deposited in sbi? in tally (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post)
Chq of Rs- 50000 recived from sunil Traders
5 Answers Aventis Electronics,
expand M H A
expand G P F
What type of question generally asked in Brokerage Firm ?
1- when will be vat charge, C.s.t charge and excise charge on the goods ? 2- what is different between intra sales & purchase and inter sales & purchase?
What is an Acrual Interest? In which side of the Balance Sheet, it should be shown????
WHO ARE THE PROMOTERS?
What is the difference between Manufacturing Account and Trading Account?
Audit 
