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
what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent
How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?
What is DSCR and how to calculate the same.
We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??
how we issue the road permit to seller for receiving the rearing material
How can I Return CST Form-I
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY
procedure of service tax
Hello Sir, Please send the knowing calculation of attrition rate?
if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
WHAT IS SHEDULE , HOW MANY TIPE OF SHEDULE IN COMPANY & PARTNERSHIP FIRM , WHAT IS IN EACH SHEDULE HEAD CONTAIN , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..
How to calculate long term capital gain
What is difference between Contract and legel and legel and profession service???? I had face this question in interview