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i m geting gross 12250.m i liable for tds ? if s then how
much it will take?
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Answer Posted / k.sridhar
Are you getting Professional Fees or getting monthly
salary. If Monthly salary then no Tax Deducted at Source
involved.You are less than the eligibility norms. In case
of Professional Fees it cross Rs. 20000/- above per year
you are forced to deduct the TDS @ 10.3% on Rs. 127000/-
Regards
K.sridhar
Tirupur
| Is This Answer Correct ? | 8 Yes | 0 No |
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Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
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