how we calculate tds on salary

Answer Posted / mona

from such salary the following deduction shall be made:-
> amount deductible sec.80C,80D,80DD nd 80DDB.
> deduction undersection 80G.in resp.of ded made to the
NDF,JLN memorial fund,etc.subject to condition laid down
under section 80G.
>ded. under sec-80G in respect of rent paid.
>ded. under sec-80RRA in respect of remuneration rcvd. in
forien currency.
>ded. under sec-80U on production of a certificate by the
employee from the assesing officer authorising such
deduction certificate need not be produced by individual
who hav already produced acerttificate under the old
provision applicable UPTO1991-92 assessment year.

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.

2465


Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method

1549


What is the distinction between cost accounting and management accounting?

619


what is a register when referring to accounting or bookkeeping?

611


How do you prepare a balance sheet from a trial balance?

641






What is a comprehensive income?

631


How create the invoices?

1578


In the case of stock transfer from one branch to another branch any reverse credit is applicable.

1569


Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

1330


What are the elements of the accounting equation?

648


What is accounting & why it is used?

598


How to prepare HSD statements in tally

1777


Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

1673


Difference between depreciation according to cost principle and matching principle

1583


Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

1589