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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

Answers were Sorted based on User's Feedback

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

189600.00
- 11000.00
___________-
178600.00
- 160000.00
___________
18600.00
* 1860.00
* 56.00
___________
1916.00

 Is This Answer Correct ? 6 Yes 0 No

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

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

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

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

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

Rate of Tds is 10% + 10.3% Surcharge and educ cess

 Is This Answer Correct ? 0 Yes 0 No

In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 1..

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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