Interested to Buy Any Domain ? << Click Here >> for more details...
how to calculate T.D.S on the basis of current I.Tax slab if
the monthly salary is 50,000 p.m.
- 8 Answers
- 21829 Views
- I also Faced
- E-Mail Answers
Answer Posted / madhulika2011
taxable income=50000*12=600000
TDS on salary
180000-nil
180001 to 500000-10%
500001 to 800000-20%
800001 above -30%
600000-180000=420000
420000*10% =42000
cess 3% = 1260
total=43260p.a
43260/12=3605p.m.
TDS will be deduct 3605p.m from salary.
| Is This Answer Correct ? | 6 Yes | 21 No |
Post New Answer View All Answers
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
I want to know the TDS ammount which deducted by company.
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
can i adusted our vat credit in W.C.T. payable?
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.
Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax
what is D-1, D-2, Vat-C4,
which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes
what is excise duty and how can we mantain its account in outgoing and incoming of bill status.
How Many Category of VAT in West Bengal
