if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain
- 17 Answers
- 80076 Views
- 3C Three C, I also Faced
- E-Mail Answers
Answer Posted / jagmohan
The TDS Slab is,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10%(TDS rate)
From 300001 to 500000 - 20% (")
Above 500000 - 30% (")
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.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 150000*10% = 15000
(Which is for one year)
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 ? | 68 Yes | 44 No |
Post New Answer View All Answers
interest paid comes under which head
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..
what is a meaning of track record in tally software when we maintain the inventory entry what is role of track record
How to raise my credit score if I have 500 credit score?
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
explain sales/purchase accounting?
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
What is the important of cash in a business unit
Which entry we pass self entry like cash withdraw for ourself
describe the most complex challenge that you have faced and how you managed it
how can i make transaction related to inflation account in sap ?
what are your plans after completing your MBA (or) studies ?
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
how an accountant can do budgetery controls of expenses?
