Regarding : salary tds

This query is : Resolved

Devaraj.S (Querist)
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03 February 2015 Dear Sir,

i am working in a pvt company there i have paid Rs: 19000.00 salary from April-14 to December-14 and from January i got increase in salary total gross salary is 28000.00 for that in january month the Accounts person deducted Tds or Rs:583.00 please check and guide me is it correct they made. and one more thing there been deducted Tds: Rs: 241.00 from April-14 to June-14 salary. kindly guide me.

Thanks
Devaraj.S

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 February 2015 No TDS need to be deducted on your salary being less than exemption limit(2,70,000).

Rupesh Jain

Rupesh Jain (Expert)
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03 February 2015 there is no need of tds if you are getting transport allowance(TA).
if not getting TA then total tax will be rs.412/-

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Devaraj.S

Devaraj.S (Querist)
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03 February 2015 sir is that Rs: 412 has to be deduct monthly or at the end march-15

Devaraj.S

Devaraj.S (Querist)
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03 February 2015

Month Salary Tds
april.2014 19000.00 241.00
may.2014 19000.00 241.00
June.2014 19000.00 241.00
July.2014 19000.00 0.00
Aug.2014 19000.00 0.00
Sep.2014 19000.00 0.00
Oct.2014 19000.00 0.00
Nov.2014 19000.00 0.00
Dec.2014 19000.00 0.00
Jan.2015 28000.00 583.00

*Rs: 200 professinal tax deducted monthly
Please refer above details and let me know is it they doing right or is there any mistake.

Devaraj.S

Devaraj.S (Querist)
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03 February 2015 Month----/ Salary--- / Tds
april.2014/ 19000.00/ 241.00
may.2014/ 19000.00/ 241.00
June.2014/ 19000.00/ 241.00
July.2014/ 19000.00/ 0.00
Aug.2014/ 19000.00/ 0.00
Sep.2014/ 19000.00/ 0.00
Oct.2014/ 19000.00/ 0.00
Nov.2014/ 19000.00/ 0.00
Dec.2014/ 19000.00/ 0.00
Jan.2015/ 28000.00/ 583.00

@VaibhavJ

@VaibhavJ (Expert)
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03 February 2015 Can you share Your Gross Salary & CTC month on month/for two period.

Also is there any amount accrued on your account which you will get annually?

Thanks!!
@VaibhavJ

Devaraj.S

Devaraj.S (Querist)
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04 February 2015 yes sir thats what i posted in the above
Month GrossSalary Prof-tax IT Netsalry
Aril-15 19000 200 241 18559 May -15 19000 200 241 18559
June-15 19000 200 241 18559
july-15 19000 200 000 18800
Aug -15 19000 200 000 18800
Sep -15 19000 200 000 18800
Oct -15 19000 200 000 18800
Nov -15 19000 200 000 18800
Dec -15 19000 200 000 18800
Jan -15 28000 200 583 27217

This is my salary details from april-14 to jan-15 please refer and let me know is that tds deduction made is correct or not.

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Devaraj.S

Devaraj.S (Querist)
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04 February 2015 what is the income tax slab now.. pls let me know

Devaraj.S

Devaraj.S (Querist)
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04 February 2015 what is the income tax slab now.. pls let me know

@VaibhavJ

@VaibhavJ (Expert)
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04 February 2015 Hi

In that case no TDS is applicable.

Thanks!!
@VaibhavJ

Devaraj.S

Devaraj.S (Querist)
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05 February 2015 Vaibhav Sir please let me know how will be the calculation

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Devaraj.S

Devaraj.S (Querist)
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05 February 2015 what is the salary income slab please let me know

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 February 2015 Minimum slab is 2,50,000. taking in to ac rebate of 2000 allowed up to 2,70,000 no tax payable.

@VaibhavJ

@VaibhavJ (Expert)
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05 February 2015 Hi

You can talk to HR / Payroll & take info from there about tax deduction.

You can check your Tax sheet/statement for further info.

Thanks!!
@VaibhavJ

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Devaraj.S

Devaraj.S (Querist)
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05 February 2015 Sir here in our company there accounts manager himself having doubt about it even i told him about that 2000 Rs rebate and then also he made 583/- tds in the month of january-15

Devaraj.S

Devaraj.S (Querist)
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05 February 2015 so thats why i put query here sir

Devaraj.S

Devaraj.S (Querist)
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05 February 2015 sir is that exemption limit is 250000 or 270000

@VaibhavJ

@VaibhavJ (Expert)
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05 February 2015 If your net income doesnot exceed Rs. 5 lacs you get rebate of Rs. 2000 & IT slab is Rs. 2.50 lacs

Devaraj.S

Devaraj.S (Querist)
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05 February 2015 Thanks to Seetharaman, Rupesh jain, and to Vaibhav for your valuable reply Sir