How we calculate TDS on Salary, They are taken net salary
either Gross salary

Answer Posted / pal.lokendra@yahoo.com

tds on salary is deduction after computation of individual
like after all deduction we confirm slab rate if net income
is taxeble then it is divided by 12 amount is ededucted
every month from salary
ex
basic salary annual................100000
HRA.................................20000
conve................................800
total __________________________________________
120800
less slab: 100000
taxable ______________________________
20000
now divied by 12 20000/12
tds every
month .......................rs.1666

Is This Answer Correct ?    13 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)

1604


How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)

1509


How will you calculate house rent allowance (hra)?

616


If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.

1547


A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?

1508






why is service tax set off is consider while calculating wct tds

1453


how & on which amt tax should be calculate on pvt ltd company or ltd company

1875


1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.

1738


Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.

1168


If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?

1172


WHAT IS CORPORATE TAX ?

1767


why use diff vat forms like vat51 vat3 why

1419


What is the different between Excise Invoice and Invoice

1622


is there any necessity to file TDS to purchase a thing even ater paying vat

1547


Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

1571