if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain
Answer Posted / manish kumar
The TDS Slab is,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10.3%(TDS rate)
From 300001 to 500000 - 20.3% (")
Above 500000 - 30.3% (")
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
Taxable amount up to 3lakh
so its come to First and second slab
150000*10%=15000
And Next 36000*20%= 7200
TAX = 22200
Add Edu.Cess3%= 666
Total = 22866
TDS deduction per Month is, 22866/12 = Rs.1905.5
The Net Salary of Mr.X is,
28000-1906 = Rs.26094/-
| Is This Answer Correct ? | 173 Yes | 83 No |
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