Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 MY EMPLOYEE SALARY IS 28000 HOW MUCH TDS I HAVE TO DEDUCT FROM HIS SALARY OR ANY DEDUCTION HE MAY TAKE

Guest

Guest (Expert)

12 June 2014 give the break up of this salary........

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 only salary 28000 nothing else

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Guest

Guest (Expert)

12 June 2014 dear break up of this 28000 like hra,travelling,basic,pf,esi etc etc

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 he get only basic 28000

Guest

Guest (Expert)

12 June 2014 1000 per month

assuiming no pf no esi no other income....

no deduction

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 could you please show me calculation how you calculate it

Guest

Guest (Expert)

12 June 2014 total income 336000
exempt 200000
tax on rem 136000 @ 10 % = 13600
exemption of tax = 2000
net payable = 11600
cess ( 2+1 %) = 348
total tax = 11948

monthly tds 11948/12 = 995.66 or say Rs. 1000

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Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 but he can claim 80gg deduction on rent

Guest

Guest (Expert)

12 June 2014 thats so great of you dear......... when i asked u about these things.. u said nothing ..

and in my first calcluation i wrote that assuming no deduction and all.........

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 but rent deduction can claim any one

Guest

Guest (Expert)

12 June 2014 Deductions is respect of rents paid : Under Section 80GG, an Individual can claim deduction for the rent paid even if he don’t get HRA. Not many people are aware of this deduction.
Section 80GG allows the Individuals to a deduction in respect of house rent paid by him for his own residence. Such deduction is permissible subject to the following conditions :-
(a) the Individual has not been in receipt of any House Rent Allowance from his employer specifically granted to him which qualifies for exemption under section 10(13A) of the Act;
(b) the Individual files the declaration in Form No. 10BA.
(c) The employee does not own:
(i) any residential accommodation himself or by his spouse or minor child or where such Individual is a member of a Hindu Undivided Family, by such family, at the place where he ordinarily resides or performs duties of his office or carries on his business or profession; or
(ii) at any other place, any residential accommodation being accommodation in the occupation of the Individual, the value of which is to be determined under Section 23(2)(a) or Section 23(4)(a) as the case may be.
(d) He will be entitled to a deduction in respect of house rent paid by him in excess of 10% of his total income, subject to a ceiling of 25% thereof or Rs. 2,000/- per month, whichever is less. The total income for working out these percentages will be computed before making any deduction under section 80GG. In other word eligibility will be least amount of the following :-
1) Rent paid minus 10 percent the adjusted total income.
2) Rs 2,000 per month.
3) 25 percent of the adjusted total income.
The deduction will also not be available to an assessee if any residential accommodation is owned by the assessee at any other place, which he is occupying, and the concessions in respect of self-occupied house are claimed by him for that property. In such a case, no deduction will be allowed in respect of the rent paid, even if the person does not own any residential accommodation at the place where he ordinarily resides.

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Guest

Guest (Expert)

12 June 2014 so now u can understand who can claim this

and if u want to get any deduction u have to claim it....

and for that u must have to tel the amount or related details along with your question dear