Hi all,
I recently joint a pvt ltd firm which offered me gross
10000 salary Per month and 10.3%tds deduction on it. my net
salary will be 9000. My question is my salary is not
taxable then how they can deduct my tds? according to firm
tds return will get me back after 1 years ? I am totaly
confused with this pls guide me on this matter.
Thanks in advance
Answer Posted / sourabh
Hi
if company has deducted the TDS of 10.30% then u will get
refund from IT authority at the time of filling your IT
return since your salary income is within limits of
taxable income or suggest company that your salary income
is within limits
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?
what is the proccesor to caculate the firm assement
certificate of export is for which items?
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
what is the exise limit in granite manufacturing
what is the prime cost? and factory cost how to calculate it?
I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
how to caluclate the central exicse duty? how to implemting in to tally ERP9?
Explain the Calculation of Sales Tax?
tds will be charged by hotel industry on what
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
what is excise duty and how can we mantain its account in outgoing and incoming of bill status.
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167
what is a rule for issue form 38 and tham form c any purchaser can issue form 38 or there is certain rule and regulation.