How we calculate TDS on Salary, They are taken net salary
either Gross salary
Answer Posted / vasant
tds on salary is deduction after computation of individual
like after all deduction we confirm slab rate if net income
is taxeble then it is divided by 12 amount is deducted
every month from salary
ex
basic salary annual................100000
HRA.................................20000
conve................................800
total __________________________________________
120800
less slab: UPTO 2,50,000 NO INCOME TAX
250001 TO 500000 TAX 10%
500001 to 1000000 TAX 20%
1000001 T0 ABOVE 30%
NO TDS DEDUCT ABOVE SALARY
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?
what is the entry tax explain briefly?
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
What do you understand by dissolution of firm?
Is there any change in the section 80DD for the financial year 2009-10
What are the various forms used for VAT?
WHAT IS EXECUTION OF WORKS CONTRACT ?
SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A
what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom
what is CST % applicable on garments sales to other state?
Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?
I have mentioned the buyer as in Kolkata and the consignee's in Jharkhand now the consignee has issued the C Form whether the C Forms is acceptable or not kindly help me
What is the different between Excise Invoice and Invoice
what is excise return, what is form requirement and what is procedure for excise return?
What items come under deferred tax liability?