Interested to Buy Any Domain ? << Click Here >> for more details...
If salary paid per month Rs 40000/ I will deduct TDS from
his salary, please what I do explain.(send Urgently)
- 7 Answers
- 37553 Views
- Aegis, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sanjay kumar
The TDS Slab is,
Upto Rs.180000 - No TDS (Nil)
From 180001 to 500000 - 10%(TDS rate)
From 500001 to 800000 - 20% (TDS rate)
Above 800001 - 30% (TDS rate)
TDS Calculation:
RS.40000*12 = 4,80,000
Tax on Income Upto Rs.1,80,000 no TDS will be deducted.
So,Tax on the next 4,80,000-180000 = 300000
its comes under 2nd slab. [1,80,001 to 5,00000 = 10%]
so, 3,00000*10% = 30000/-
Income Tax Due 30000/-
Education Cess @3% 900/- (on income tax due)
So Total Tax payable 30000+900=30900
TDS deduction per Month is, 30900/12 = Rs2575/-
The Net Salary Decuted ,
40000-2575 = Rs.37425
| Is This Answer Correct ? | 49 Yes | 11 No |
Why peoples are confused in TDS and Income Tax?
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / vishal paul
Upto Rs.180000 - No TDS (Nil)
From 180001 to 500000 - 10%(TDS rate)
From 500001 to 800000 - 20% (TDS rate)
Above 800001 - 30% (TDS rate)
TDS Calculation:
RS.40000*12 = 4,80,000
Tax on Income Upto Rs.1,80,000 no TDS will be deducted.
So,Tax on the next 4,80,000-180000 = 300000
its comes under 2nd slab. [1,80,001 to 5,00000 = 10%]
so, 3,00000*10% = 30000/-
Income Tax Due 30000/-
Education Cess @3% 900/- (on income tax due)
So Total Tax payable 30000+900=30900
TDS deduction per Month is, 30900/12 = Rs2575/-
The Net Salary Decuted ,
40000-2575 = Rs.37425
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / vivekanand pandey
480000-200000=280000
20%of 280000=56000 for 1 yr.
plus 3% Cess 1680/-
Total 57680 /12 = 4807/- per month
NET MONTHLY SALARY PAYABLE
40000-4807=35193/-per month
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / venkatesh
480000-180000=300000
20%on 300000=60,000
60,000/12=5000per month
| Is This Answer Correct ? | 7 Yes | 18 No |
Answer / sanjay kumar
The TDS Slab is,
Upto Rs.180000 - No TDS (Nil)
From 180001 to 500000 - 10%(TDS rate)
From 500001 to 800000 - 20% (TDS rate)
Above 800001 - 30.3% (TDS rate)
TDS Calculation:
RS.40000*12 = 4,80,000
Upto Rs.180000 no TDS will be deducted.
So, 4,80,000-180000 = 300000
its comes under 2nd slab.
so, 300000*20% = 6000 (Which is for one year)
TDS deduction per Month is, 6000/12 = Rs.500
The Net Salary Decuted ,
40000-500 = Rs.39500
| Is This Answer Correct ? | 13 Yes | 49 No |
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
can we change date in tally.erp s/w in educational mode ?
Tell me about a situation where you showed determination?
in Tally accounting programme where should I can make ledger for Work in Progress? under which accounting head? Eg. Debit will be under Current Asset a/c and what about credit? whether it is under Purchase a/c? or under Income a/c?
Do you know what qualities and skills make an account manager successful?
What is the difference between shares and debenture?
i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to pass journal entries
What is Fixed Assets? How many depreciation types are there? How to apply depreciation on assets in a year?
GOVERMENT COMPANY FOLLOWS WHICH TYPE OF ACCOUTING SYSTEM
what is the principal of accounting
if current ratio=2.5 : 1 liquid ratio= 1:1 closing stock=rs 45000 calculate current assets current liabilities liquid assets
Audit 
