if salary paid per month Rs 80000/ I will deduct TDS from
his salary, please what I do explain.(send Urgently)
- 1 Answers
- 1545 Views
- I also Faced
- E-Mail Answers
Answer / Om Prakash Divakar
When you pay a monthly salary of INR 80,000 to an employee, you are required to deduct Tax Deducted at Source (TDS) if the total income exceeds the basic exemption limit. The TDS rate depends on the employee's tax slab and is specified in the Income-Tax Act. You should calculate the TDS amount and withhold it from the salary payment before remitting it to the government.
| Is This Answer Correct ? | 0 Yes | 0 No |
Can I make a my HOUSE RENT AGREEMNT in the favour of my wife (LAND LORD) of Rs. 25000/- (twenty five thousand per month). if yes then what are the liabilities on me and my wife (land Lord) w.r.t INCOME TAX Act.
if there is no express contract between parties,but makes no. of payments to a particular party and those payments exceeds the limits prescribed(i.e 20000 or 50000 as the case may be)is tds applicable for the same?
Is 'H'Form can be issued against local sale?
IF my Salary 150000 PA wat is my Basic salary ,PF,ESI And Other
Sir, I attended infrastructure company but my question is For example: Basic value- 100000 sevice tax 14500 total bill value 114500 What is the tds amount?
What Is The Chart Rate For Deduction Of TDS On Salary
3 Answers ADS, Petrochemicals, Real Estate,
My income for the current year from Hiring Earth Moving Vehicle to a contractor will be 250000/-my total savings are 125000,payment of my childrens tution fees will be 35000 So mine will be below taxable income .Pl let me know whether there is any chance to escape from TDS obligation.If so Pl let me know the procedure
For the Quarter Oct-Dec 2008, we hav to give the service tax purchase bills and Sales bills whose payment are cleared in that particular quarter. if i missed any of the bills for the filing? shall i submit the missing bills inthe next quarter(Jan - Mar 09)?
what is the process of filing the return (both)
local sale tax rate is 5%, 12.5%. what will be CST rate without c form ?
If IOCL give turnkey project to any contractor who will be got benifited with respect to tax(Direct/Indierct) and how.
What are the matheods of calculating the Head under Salaries U/s 60(c)?????
Audit 
