Tds on salary

This query is : Resolved

vikas kumar (Querist)
Follow

09 June 2014 Hello Sir please tell me How to Calculate TDS on Salary when salary is 100000 Pm . please tell me journal entry also

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

09 June 2014 Tds will b calculated after all adjustments, like PF, PTax, Esi, Perks, other Income, deduction etc.

Guest

Guest (Expert)

09 June 2014 do u want the tax amount or something else bro

Upgrade to CAclubindia Pro. Subscribe Now!

vikas kumar

vikas kumar (Querist)
Follow

09 June 2014 sir i want to know the tax amount as well as tds amount also and the main point is no Perquisite thereon

vikas kumar

vikas kumar (Querist)
Follow

10 June 2014 sir please tel me what the TDS amount

Guest

Guest (Expert)

10 June 2014 please tell details there off like, hra,pf,vpf,travellig etc etc

vikas kumar

vikas kumar (Querist)
Follow

10 June 2014 sir I dont know these all but i know the salary is rs 100000 including all .

Guest

Guest (Expert)

10 June 2014 my dear friend, you cant calculate tax without these information..............

Upgrade to CAclubindia Pro. Subscribe Now!

vikas kumar

vikas kumar (Querist)
Follow

10 June 2014 okey sir,,,,sir can you tell me please whether tds is different from tax computation on salary or tax on salary is same as tds on salary.

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

10 June 2014 Agree with Ankit. Coz, there r many things to calculate. Otherwise u will result in larger payment of Tax.

Guest

Guest (Expert)

10 June 2014 both are same in two different views of looking...............

vikas kumar

vikas kumar (Querist)
Follow

10 June 2014 okey sir thank you very much

Upgrade to CAclubindia Pro. Subscribe Now!

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

10 June 2014 Vikas look, TDS on Salary is calculated on slab rate. but there r many other sources of income which should b added, and many deductions which should b claimed, after all that TDS is calculated on net value.

Thats y the details r required.

vikas kumar

vikas kumar (Querist)
Follow

10 June 2014 sir i know all these things but my one of my friend calculated an tds rs 14000 on salary of rs 100000 . i was also confused from these calculation thats why i took help from Caclubindia for right answer.

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

10 June 2014 Vikash if u know the slab rate u can also calculate it easily. N if u dont know, then u can provide ur mail id.

It is very easy, no hard n fast rule is for that.

Upgrade to CAclubindia Pro. Subscribe Now!

vikas kumar

vikas kumar (Querist)
Follow

10 June 2014 no sir thank you i will calculate myself .
my email id is ri8vikas9968@gmail.com