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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 Posted / 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 |
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