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In FY2010-11, if person get salary 189600.00 after deduction
of Profession tax and his investment 11000/- in LIC for
whole year how many TDS deduct from his salary Pls reply i
am waiting for Answer.
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Answer / krishnakumar jaiswal
189600.00
- 11000.00
___________-
178600.00
- 160000.00
___________
18600.00
* 1860.00
* 56.00
___________
1916.00
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / seema pandey
Gross Total Income 189600
Deductions 11000
Taxable Income 178600
Income Tax calculation
upto 160000-Nil
160000-500000 -10%
500000-800000 - 20%
Above 800000- 30%
178600-160000 = 18600x10%
1860+3%(Education Cess 0r Higher education cess)
1860+56 =1916
Total Tax Payable - 1916/=
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / naman singh
Gross total income=189600
Less -Profession tax 11000 Us80c
Taxable Income= 178600
Tax Liability:-
Up to 160000- Nil
160000 to 500000 -10%
500000 to 800000-20%
Above 800000 -30%
178600-160000=18600*10% =1860
1860*3%=56
1860+56=1916
Total Tax Payable =1916/-
| Is This Answer Correct ? | 1 Yes | 0 No |
Rate of Tds is 10% + 10.3% Surcharge and educ cess
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / subhash a.
Dear friends he is seeking our advise.
But why u people r not considering the transport allowance
of ZRs. 800/- per month under deductions.
Rs. 9600/- (800 x 12) is straightway avaliable to him. U can
deduct it from taxable income. Even after that HRA is
available to him. Why dont u consider that?
He may not be subject to TDS after deducting these 2.
| Is This Answer Correct ? | 0 Yes | 2 No |
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