if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain
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Answer / savithri natarajan
The TDS Slab is,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10.3%(TDS rate)
From 300001 to 500000 - 20.3% (")
Above 500000 - 30.3% (")
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 186000*10.3% = 19158 (Which is for one year)
TDS deduction per Month is, 19158/12 = Rs.1596.5
The Net Salary of Mr.X is,
28000-1597 = Rs.26403/-
| Is This Answer Correct ? | 337 Yes | 120 No |
Answer / manish kumar
The TDS Slab is,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10.3%(TDS rate)
From 300001 to 500000 - 20.3% (")
Above 500000 - 30.3% (")
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
Taxable amount up to 3lakh
so its come to First and second slab
150000*10%=15000
And Next 36000*20%= 7200
TAX = 22200
Add Edu.Cess3%= 666
Total = 22866
TDS deduction per Month is, 22866/12 = Rs.1905.5
The Net Salary of Mr.X is,
28000-1906 = Rs.26094/-
| Is This Answer Correct ? | 173 Yes | 83 No |
Answer / manikandan
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% (")
Above 500000 - 30% (")
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 1st slab.
so, 140000*10% = 14000
(Which is for one year)
And Next 36000*20% = 7200
TotalTAX = 21200
TDS deduction per Month is, 21200/12 = Rs.1767
The Net Salary of Mr.X is,
28000-1767 = Rs.26233/-
| Is This Answer Correct ? | 41 Yes | 15 No |
Answer / jagmohan
The TDS Slab is,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10%(TDS rate)
From 300001 to 500000 - 20% (")
Above 500000 - 30% (")
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 150000*10% = 15000
(Which is for one year)
And Next 36000*20%= 7200
TAX = 22200
Add Edu.Cess3%= 666
Total = 22866
TDS deduction per Month is, 22866/12 = Rs.1905.5
The Net Salary of Mr.X is,
28000-1906 = Rs.26094/-
| Is This Answer Correct ? | 68 Yes | 44 No |
Hullow mr Jagmohan and Manish Kumar both of your
explanations are not correct. The question is lack of
clarity. He didnt clear it as gross salary or Nett salary.
The nett if exceeds 1,50,000 attracts tax. You pl note the
basic exemption is 1,50,000. In addition to that exemptions
under Section 10 and Chapter Vi were there. 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/-Pl send your mail.id I will
send you a Lay Man tax plan to avoid tax burden
| Is This Answer Correct ? | 35 Yes | 16 No |
Answer / chetan
The TDS Slab is,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10%(TDS rate)
From 300001 to 500000 - 20% (")
Above 500000 - 30% (")
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 150000*10% = 15000
(Which is for one year)
And Next 36000*20%= 7200
TAX = 22200
Add Edu.Cess3%= 666
Total = 22866
TDS deduction per Month is, 22866/12 = Rs.1905.5
The Net Salary of Mr.X is,
28000-1906 = Rs.26094/-
| Is This Answer Correct ? | 36 Yes | 17 No |
Answer / amol
if salary paid per month rs. 20000/- i will deduct tds from
his salary please what i will do explain
| Is This Answer Correct ? | 24 Yes | 7 No |
Answer / suresh
He is getting salary Rs. 28000/- P.m from april to Oct.
deducted TDS Rs. 1906/- pm Now salary paid per month rs.
35000/-(w.e.f Nov.09) how will deduct tds from
his salary please what i will do explain
| Is This Answer Correct ? | 21 Yes | 13 No |
Answer / jimil
Mr. Satyanarayana Raju Sir, Above you were talking about 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/-,
Can you please send me how it is possible in detail.
My e-mail ID is s.jimil.1985@gmail.com
| Is This Answer Correct ? | 15 Yes | 10 No |
Answer / umesh
The TDS Slab is,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10.3%(TDS rate)
From 300001 to 500000 - 20.3% (")
Above 500000 - 30.3% (")
For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.
TDS Calculation:
RS.28000*12 = 336000
Upto Rs.150000 no TDS will be deducted.
So, 336000-150000 = 186000
its comes under 1st slab.
so, 186000*10.3% = 19158 (Which is for one year)
TDS deduction per Month is, 19158/12 = Rs.1596.5
The Net Salary of Mr.X is,
28000-1597 = Rs.26403/
| Is This Answer Correct ? | 5 Yes | 2 No |
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