i want to leanr the TDS on Salaries and TDS rates
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Answer / guruprasad
Hi,
For Male,
Exemption limit of net income is Rs. 1,60,000/-
From Rs. 1,60,001/- to Rs. 3,00,000/- TDS will applicable @
10% + Cess @ 3%
From Rs. 3,00,001/- to Rs. 5,00,000/- TDS will applicable @
20% + Cess @ 3%
Above 5 lakhs the TDS will applicable @ 30% + Cess @ 3%
For Female,
Exemption limit of net income is Rs. 1,90,000/-
From Rs. 1,90,001/- to Rs. 3,00,000/- TDS will applicable @
10% + Cess @ 3%
From Rs. 3,00,001/- to Rs. 5,00,000/- TDS will applicable @
20% + Cess @ 3%
Above 5 lakhs the TDS will applicable @ 30% + Cess @ 3%
For Senior Citizens,
Exemption limit of net income is Rs. 2,40,000/-
From Rs. 2,40,001/- to Rs. 3,00,000/- TDS will applicable @
10% + Cess @ 3%
From Rs. 3,00,001/- to Rs. 5,00,000/- TDS will applicable @
20% + Cess @ 3%
Above 5 lakhs the TDS will applicable @ 30% + Cess @ 3%
| Is This Answer Correct ? | 13 Yes | 6 No |
GuruPrsad Ji How are you. Can you remember me. Mr
ganapthy asked about the TDs obligations on salries and
their current applicable rates but you narrated about the
new tax table on individuals
ganapathi ji you can learn and can do a good
practice on salaries First of all you send your mail id to
me I will send a sample book on interviews covering
important points on commerce
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / ritu
INDIVIDUAL AGE<65 ,MALE
UPTO 160000 NIL
160001-1000000 10%
1000000-2500000 20%
MORE THAN 2500000 30%
INDIVIDUAL AGE<65 ,FEMALE
UPTO 190000 Nil
90001-1000000 10%
1000000-2500000 20%
MORE THAN 2500000 30%
RESIDENT SENIOR CITIZEN
UPTO 240000 Nil
240001-1000000 10%
1000000-2500000 20%
MORE THAN 2500000 30%
Its Goes to 92B
| Is This Answer Correct ? | 2 Yes | 0 No |
What is TDS? Please explain rate of TDS.
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