Answer / krishan kumar

TDS Means : Tax deduction at the source

Answer / pradeep kumar

TDS is Tax deduction at source.
Tds means tax deduction source in that we are deducting
the all revenue of Employees.
Threre are some proveisions in the income tax laws about
the pre deduction of tax out of the payments made to
contractors, Consultants, Lawyers, Employees, Lenders,
Owners of Property etc.

Answer / shivamma

shivamma

TDS -Means tax deduction source

Dear Mr. Venkatesh & Nataraju,

I want to one more point to the following

TDS is lieved on the above mentioned categories.

But regarding TDS on Salary for the current FY i.e. 2008-09

The following rates are applicable for men only:

Salary Amt. Rate of Deduction

0-1,50,000.00 0%

1,50,001-3,00,000.00 10%

3,00,001-5,00,000.00 20%

Above Rs. 5,00,000.00 30%

Above 10,00,000.00 30% + 10%( as surcharge)

Answer / sandeep kumar

Dear Mr. Venkatesh & Nataraju,

I want to one more point to the following

TDS is lieved on the above mentioned categories.

But regarding TDS on Salary for the current FY i.e. 2008-09

The following rates are applicable for men only:

Salary Amt. Rate of Deduction

0-1,50,000.00 0%

1,50,001-3,00,000.00 10%

3,00,001-5,00,000.00 20%

Above Rs. 5,00,000.00 30%

Above 10,00,000.00 30% + 10%( as surcharge)

Answer / venkatesh

calucalating the amount of tax for the current financial
year in begining,with respect to that deduct the part of
amont of tax(ex:He/She salary for the month is 20,000 i.e.
for the whole year 2,40,000 (20000*12)
Rate of Tax
Up to 1,50,000 Nil NIL
1,50,000-2,50,000 10% 10,000

That means above 10000 will be deduct from their income
monthly.
opinion: to reduce the burden of paying a tax at a time

What is Differed tax Liability?

3 Answers   Mother Dairy,

In Indian Taxation point of view, what you will look into a payment or what is to be observed while making a payment.

2 Answers  

dear Sir, we have purchased Small & Big size blade for manufacturing extrusion machine rubber cutting . This input vat claim it or not ? Pls informe me Regards

1 Answers  

Sir, I attended infrastructure company but my question is For example: Basic value- 100000 sevice tax 14500 total bill value 114500 What is the tds amount?

1 Answers  

how calculate salary supos my salary gross 12000 i want know that basic salary+da+other deduction

2 Answers   Indiabulls,

Please provide me the whole concept of as -22 (deferred tax)

1 Answers  

Telliphone Bill amount is Rs. 50,000/- and Service tax (12.36%) is Rs. 6180/- Total 56180/- is going to Debit a/c. my question is Tds caluculation made for what amount. (50000/- or 56180/-) pl give me correct answer.

21 Answers   ABC,

What is work contract?

2 Answers  

WHAT IS THE MANAGEMENT ?

1 Answers   Ikea,

Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

0 Answers   Wipro,

when should i take input of service tax which i paid against bill (At a time of bill received entry date or payment date to party. )

2 Answers   TCS,

what is deemed sales? how to calculated

0 Answers   PSU,