Answer Posted / tushar
The deductions from salary are as follow:
1) Professional Tax
0-5000 = NIL
5001-10000 = 175/-
10001 & Above = 200/-
2) TDS - As per Income Tax rule.
Male - 0-180000 = NIL
180000-300000=10%
300000-500000=20%
500000-& Above=30%
Female:0-160000 = NIL
180000-300000=10%
300000-500000=20%
500000-& Above=30%
C.S.: 0-240000 = NIL
180000-300000=10%
300000-500000=20%
500000-& Above=30%
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
We have got 5 firms. Same partner only running all the firms. Salary is going from one firm. But if we go for PT registration it is asking number of employees. I don't know how to fill the form in online. Any one can help me?
WHAT WE HAVE TO IF WE MAKE A BILL 5% CST IN PLACE OF 2% CST AND DIPOSIT THE TAX
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds
Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study
how to file returne?
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?
meaning of accessory for central excise purpose
Can any One Plz Help Me with TDS Charts & Filling? Plz Send Me All Details to My email Id: satish.0483@gmail.com Plz Its Asked to Me In My Interview Held In Coming 2 Or 3 Days
How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax
Define Amortization & Impairment?
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this
what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom