Interested to Buy Any Domain ? << Click Here >> for more details...
I am getting a salary of 50000 Rs Net salary. After showing
my rent bills and children school bills, still I am being
deducted a TDS amount of 2000. Is there any chance of even
avoiding this amount to be deducted by investing in any
insurance. Please give me a suggestion.
- 2 Answers
- 4542 Views
- I also Faced
- E-Mail Answers
Answer Posted / prem tiwari
Yes u hv an option to invest in insurance u/s 80c upto one
lac rs.
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
Rules for filling Income Tax return for a domestic manufacturing company.
HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE
is there any specific percentage related to lower tax deduction under tds
Define FBT with example & how it can be calculate ?
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
Cenvat credit transaction journal entries. And what does the term reversal of credit means
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
What are the deductions under salary head? Name the items.
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.
What is Excise duty? What is Edu Cess & Sec Edu Cess? Why and when it is applicable? What is Excise Claiming?
About vat, service tax, tds, cenvat
what should be the research and methodology of business taxation?
what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns
Q.No.1) I paid Salary to our staff after deduction TDS. what is the journal entry pass at that time of payment of salary only, and then at the time of payment of tds. and the last date for payment of TDS Q.No.2) Suppose I paid Salary In advance due to that officer is take business tour at the end of the month in after deducting TDS. Now What is the journal entry Salary Advance & Payment of TDS. and when i will pay TDS for This Situation. Kindly Help me
