Answer Posted / 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 |
Post New Answer View All Answers
How To Calculate Gross Sales for vat return -15
What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?
what are the slab rate for F Y 2010-11
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
what Is the ITc Claimed. how to utilized the ITC.
IF a vendors charges WCT @8.75% what is the rate of TDs to be deducted against that? & can we take the Input of it?
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee
why use diff vat forms like vat51 vat3 why
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
how to creat e-vat return in tally
please tel me Karnataka vat,sale tax deposit from and return from
I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.
What is difference between Contract and legel and legel and profession service???? I had face this question in interview