if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain
Answers were Sorted based on User's Feedback
Answer / raju
Hello dear friends all of you,i want to know about tds acts
and rules and proceederes.if you have information about
these things please send me mail to raju17585@gmail.com
please inform me how to deduct upto435000
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / satyasai
Monthly salary of X is 28000
As New Income Tax Slab 2013
1)0-200000----No Tax
2)200001--500000 ---10 %
3)500001--800000------20 %
4)Above 800001--------30 %
In this above Example
His Total Income Is 28000*12=336000
As per IT Slabs up 2 lakhs Tax Exempted
so 336000-200000=136000
136000 come under first slab
so that tax would be 136000*10 %=13600
13600/12=1133
Then His Monthly Net salary is 26867.00
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sridhar
I have get salary 30000 how much amount i wiil
pay to tds please tell me and if have to the educationalcess
and s,h,e,s please send the information in my Email id
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / trupti
New Tds rate on
Up to 160000 Nil
160001 - 500000 10%
500001 - 800000 20%
800001 - Above 30%
28000*12 = 336000
Less PT = 2400 (200*12)
Net Salary = 333600
333600-160000 =173600
17360 (173600*10%)
521 (17360*3%)
17881 (tds)
1490 (montly ded)
Rs. 28000-1490 = 26510 (monthly salary)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rajan
Hello Sir, you have mentioned that If planned
correctly taking all the provisions into consideration a
salried individual need not pay a single paisa if his nett
income exceeds even 4,35,000/-,
Please suggest me to get ride of this tax burden. my net
salary is Rs.4,80,000. please send me the details. Thanks.
My e-mail ID : rajinisixar@gmail.com
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rashi shrivastav
New Tds rate on 1st Oct.2009
1st Slab Upto Rs.160000 - No TDS (Nil)
2nd Slab From 160000 to 300000 - 10%(TDS rate)
3rd Slab From 300001 to 500000 - 20% (TDS rate)
4th Slab Above 500000 - 30% (TDS rate)
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.160000 no TDS will be deducted.
So, 336000-160000 = 176000
its comes under 2st slab.
so, 176000*10% = 17600
(Which is for one year)
Total TAX (One Year) = 17600
TDS deduction per Month is, 17600/12 = Rs.1467
The Net Salary of Mr.X is,
28000-1467 = Rs.26533/-
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / rasji
New Tds rate on 1st Oct.2009
(Edu, cess not applicable )
Upto Rs.160000 - No TDS (Nil)
From 160000 to 300000 - 10%(TDS rate)
From 300001 to 500000 - 20% (TDS rate)
Above 500000 - 30% (TDS rate)
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.160000 no TDS will be deducted.
So, 336000-160000 = 176000
its comes under 2st slab.
so, 176000*10% = 17600
(Which is for one year)
Total TAX (One Year) = 17600
TDS deduction per Month is, 17600/12 = Rs.1467
The Net Salary of Mr.X is,
28000-1467 = Rs.26533/-
| Is This Answer Correct ? | 1 Yes | 3 No |
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