Interested to Buy Any Domain ? << Click Here >> for more details...
If my Basic Salary is Rs.23000/- than what is the tax impact on it ie PF,ESIC,PT & TDS with calculation.
and also if i had received only 9mth salary.
- 1 Answers
- 13078 Views
- Triple A Overseas Ltd, I also Faced
- E-Mail Answers
Answer / jaya sankar kumar
23000*12=276000 is ur basic salary
1. PF = 15000 or ur salary which ever is lower
i.e., 15000*12% = 1800 p.m. or 21600 p.a.
2. ESI = 0 for u bcoz ur salary is more than 15000 so ESI will not applicable to u. It is assumed that ur salary was increased to 23000 before 6 months means within last 6 months ur salary was not </= 15000
3. PT = 200 p.m. or 200*12 = 2400 p.a.
4. Gross Income = Annual Salary 276000 less deductions U/S 80C - upto 150000 (for u it is 21600 PF) + U?S 16(iii) 2400 total = 24000
5. Net Income = 276000-24000 = 252000
6. TDS = 252000 - Basic Exemption Limit (250000) = 2000 p.a.
7. TDS to be deducted per month = 2000/12 = 166.67
Even if u received 9 mnths salary u should pay the same amount.
But in case if u worked in that year 9 months it will vary.
| Is This Answer Correct ? | 8 Yes | 5 No |
WHAT IS TCS & DIFFINATION
please Clarify between TR-6 and gar-7 challan.
26 Answers Alps, Simran International,
please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You
what is out put sale tax and in put sale tax?
what is E1 FORM
2 Answers GMC, UAS Pharmaceuticals,
How to make a bill of software sale with service tax?
How to calculate the interest on housing loan for an LET OUT PROPERTY?
Is Accounts Payable and Vendor Payable are same ? If yes or no, why ?
what is "c" form?
CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?
12 Answers Erico Labs, Hero MotoCorp,
how to reconccile account payable & account receivable.please provide best solution with example
I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap
0 Answers ABB, Chartered Accountant,
Audit 
