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if salary paid per month rs. 28000/- i will deduct tds from
his salary please what i will do explain

Answer Posted / rasji

New Tds rate on 1st Oct.2009
(Edu, cess not applicable )

Upto Rs.160000 - No TDS (Nil)

From 160000 to 300000 - 10%(TDS rate)

From 300001 to 500000 - 20% (TDS rate)

Above 500000 - 30% (TDS rate)

For Ex: Mr.X Earning Rs.28000 per month. TDS sholud be
deduct from his salary.

TDS Calculation:

RS.28000*12 = 336000

Upto Rs.160000 no TDS will be deducted.

So, 336000-160000 = 176000

its comes under 2st slab.

so, 176000*10% = 17600
(Which is for one year)

Total TAX (One Year) = 17600

TDS deduction per Month is, 17600/12 = Rs.1467

The Net Salary of Mr.X is,

28000-1467 = Rs.26533/-

Is This Answer Correct ?    1 Yes 3 No



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