Answer Posted / rashi shrivastav

New Tds rate on 1st Oct.2009

1st Slab Upto Rs.160000 - No TDS (Nil)
2nd Slab From 160000 to 300000 - 10%(TDS rate)
3rd Slab From 300001 to 500000 - 20% (TDS rate)
4th Slab Above 500000 - 30% (TDS rate)

For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.

TDS Calculation:
RS.28000*12 = 336000
Upto Rs.160000 no TDS will be deducted.
So, 336000-160000 = 176000

its comes under 2st slab.

so, 176000*10% = 17600
(Which is for one year)

Total TAX (One Year) = 17600

TDS deduction per Month is, 17600/12 = Rs.1467

The Net Salary of Mr.X is,

28000-1467 = Rs.26533/-

Define Salry for the following purpose 1.To calculate HRA

1746

---

How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?

2179

---

What is specific reserve

2025

---

example of aptitude ns

985

---

How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

1736

---

---

Expand---------PSRT

1583

---

What are the major responsibility's of an accountant? what are the qualities he /she requires?

1628

---

which are the basic princeples of accountancy... with examples

1735

---

Expand---------OST

1739

---

EXPAND_________SEAMEC

1550

---

Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

1659

---

Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?

1593

---

what is Exposure ?

1520

---

• What is depreciation and the method?

1594

---

How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment

1610

---