Answer / arjun chauhan

taxable income 50000*12=6,00,000

tds on salary
o to 180000 = NIL
180000 to 500000 = 10%
500000 to 800000 = 20%
800000 above = 30%

so our total yearly income 600000
tax 180000 = nil
600000-180000=420000
so because second slope of income tax is 500000 then
320000*10%=32000
100000*20%=20000
so total taxable income = 52000

Answer / ashwani kumar rana

Total income 800000 how to tax taid.

Answer / paul

if a person draws salary Rs. 1200000 per month nett take home what is the TDS paid per month and per annum,.

also can i have the salary sheet breakup costs how its calculated,.

thanks

Answer / mahesh

The 50000 is the Net income and as we know the net income
includes all the allowances and other benefits (Deduction)
therefore the TDS as per the income tax is not calculated
accurately without geeting the basic income of the same
person or on the bases of basic salary of the person

Answer / manish.panchal

taxable income=50000*12=600000

TDS on salary
180000-nil
180001 to 500000-10%
500001 to 800000-20%
800001 above -30%

600000-180000=420000
420000*10% =42000
cess 3% = 1260

total=43260p.a

43260/12=3605p.m.
TDS will be deduct 3605p.m from salary.
Before Deducting TDS consider allowable deduction like
Insurance, House Rent Housing Loan, Car Loan etc. if taken

Answer / ashwani kumar rana

mujhe taxable salary k bahre m jan na ha please help me < TDS. ESI. HRA TA. DA.>

Answer / virendra negi

for FY 2012-13 taxation on salary Rs.50000/-Pm.
Rs.600000/-
Rs.200000/- No Tax
Rs.200000 to Rs.500000(10%)=300000*10/100=Rs.30000/-
Rs.500000 to Rs.1000000(20%)=100000*20/100=Rs.20000/-
Total Tax = 30000+20000=50000/-
Add:Cess @3% on Tax=1500/-
Total Tax for the year 12-13 is Rs. 50000+1500=51500/-P.a.
and Rs.4292/-P.m.

Answer / madhulika2011

taxable income=50000*12=600000

TDS on salary
180000-nil
180001 to 500000-10%
500001 to 800000-20%
800001 above -30%

600000-180000=420000
420000*10% =42000
cess 3% = 1260

total=43260p.a

43260/12=3605p.m.
TDS will be deduct 3605p.m from salary.

can we take coloing stock in T.P.and is it dr.balance or cr.balance

1 Answers  

if we are deducting TDS on sodexo .4% means , wht the surcharge & cess in that

1 Answers   IonIdea,

Who advance tax is the asset for company? What are the accounting entries of advance income tax

0 Answers  

What do you mean by an Inter-state Sale. How does it taken Place in a state????

14 Answers   ICAI, Jai Ambe Enterprises, Mayur Paints, Subtleweigh Electric,

Central Railway i.e. Central Govt. takes material through works Contract in Maharashtra State.The contractor purchases material from other states say M.P. or U.P. state. Due to inter state purchase of material the contractor is asking for C form. Whether Central Railway is eligible to get C form? Whether we will able to get C Form from Sales Tax Dept. so as to hand over to contractor ?

1 Answers  

what is cst rate in india & how we it calculate

2 Answers  

what is the rate of tds on interest payment and basic exemption limit for general insurance co.

1 Answers  

Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.

0 Answers  

is provision for bad and doubtful debts an operating cost?

2 Answers  

which is the first liability for pay Service Tax to GOvt

0 Answers  

If any payment made for purchase of computer parts (mother board , ram, monitor)say 1/100 of monthly income (if income is 1000 & expences is rs.10) than whether it is computer expence (revenue expenditure) or computer (capital expenditure). Kindly specify in detail

1 Answers  

what are the slab rate for F Y 2010-11

0 Answers