what is the rate of tds below 60, if salary is rs. 20000.00
& 25000.00 and how to calculate.



what is the rate of tds below 60, if salary is rs. 20000.00 & 25000.00 and how to calculate...

Answer / r.rai

SLAB 2013-2014
SALARY
OF RS. 20000 X 12 = 240000
0-200000 = 0 , 200000
200000-500000 = 10% , 40000
500000-1000000 = 20%
1000000 ABOVE = 30%

40000 X 10% = ( Rs.4000 TDS )

100000 X 10% = ( Rs. 10000 TDS)

Is This Answer Correct ?    7 Yes 1 No

Post New Answer

More Taxation Interview Questions

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?

0 Answers  


Breif discription of excise duty ?

1 Answers  


If we purchase material against Form-C from Mumbai and two address mentioned in the invoice i.e.invoiced address - Delhi and Shipped address-Banglore(material delivered address).So,from-C should be issued from which state.

3 Answers  


If Seller in Delhi deliveres goods above Rs.25,000.00 without form 38 to Haryana,and issues invoice @2% CST without buyer having VAt registration and receives full payment of invoice, whose responsibility is it to pay the difference in taxes wrongly billed by seller?

1 Answers  


Any body plz guide me. I have making a invoice of 4% sales tax rate but actual rate of sales tax 5%.

1 Answers  






please explaine excise ruturn forms like er-1,er-2,er-3 etc?

4 Answers   Visa Steel,


How to prepare a vat return in Gujarat for firm

1 Answers  


Should we give C form with Freight, Insurance, P&F after CST?

0 Answers  


what is F form E-I form and E-II form?

2 Answers  


where is applicable WCT & what is limitation for applicable it on company.

0 Answers  


what is rate of CST on Pumps

2 Answers  


I am paying LIP to my daughter Rs 12500 per annum since 5 years. last year she got married. Pl advice me whether I can add her LIP payment to my savings to get Tax benifit

1 Answers  


Categories