if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain
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 |
Post New Answer View All Answers
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
What is the quality of the accountant & rights ? hansika.kk@gmail.com
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
How do you handle lack of direction or working in chaos
while i creating a main asset master there is a error called process being terminated? pls send the solution
explain the difference between LIFO and FIFO?
Short Answer on __________Trade
Short Answer on _______Appropriation
Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
Expand-------NSAC
what is ledger account
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
What is a bad credit score?
EXPAND_________TOEFEL