a employee has 4000/- per month what is the tds , esi, and pf
Answers were Sorted based on User's Feedback
Answer / rajashekar
TDS IS NOT APPLICABLE
TO HIM BECAUSE HIS
SALARY IS BELOW THE
(180000) SLAB
(4000*12=48000)
PT IS ALSO NOT
APPLICABLE because
his salary is not more
than 10000 pm
(karnataka)
ESI APPLICABLE
4000*1.75%=Rs 70
payable
EPF APPLICABLE
4000*12%=Rs 480
payable
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / rajmails2
an employee getting Rs. 4000/- means we have not deducted
him the TDS, and we have to pay professional Tax asper Rule,
in case the company, or industry is located in rural areas,
it may be deduct or not the professional tax asper the rule,
the esi is totaly dependent on employer
pf dedution means it have the rules how many employees are
working in the organisation, it means more than 10 persons
are working
| Is This Answer Correct ? | 0 Yes | 4 No |
Loan or gift from NRI for business?
We have received bill of Machine installation charges but service provider is not raised service tax in bill who is pay service tax ?
can anybody provide list of balance Sheet & P & L Account?
Define deferred tax liability? What items come under deferred tax liability?
What is Profession Tax?
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
How to calculate TDS on rent when rent is added with service tax?
what is difference among VAT, CST and sale tax
my baisc salary is 8000 , DA 1000, con 1000, HRA 2500, Med 1500, Incentive 1000, LTA 2000 and other allowance
If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?
What is cenvat credit?