if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain
Answer Posted / jagmohan
The TDS Slab is,
Upto Rs.150000 - No TDS (Nil)
From 150000 to 300000 - 10%(TDS rate)
From 300001 to 500000 - 20% (")
Above 500000 - 30% (")
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, 150000*10% = 15000
(Which is for one year)
And Next 36000*20%= 7200
TAX = 22200
Add Edu.Cess3%= 666
Total = 22866
TDS deduction per Month is, 22866/12 = Rs.1905.5
The Net Salary of Mr.X is,
28000-1906 = Rs.26094/-
| Is This Answer Correct ? | 68 Yes | 44 No |
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