TDS On Salary
This query is : Resolved
26 November 2010
Dear Sir/madam
How I will deduct the TDS On Employee Salary.
Examples :
A's salary Rs. 200000/- Tax - 10% on 40000/-
Tax- Rs. 4000/-
or
10.3% Rs. 4120/-
and
when i make the payment, i need to mention
1.Tax Amount
2. Education Cess
3. Hight Edcation Cess, separtelly.
or
I can mention total 4120 in Tax colum
Pls guide me
regards
Chandru
How I will deduct the TDS On Employee Salary.
Examples :
A's salary Rs. 200000/- Tax - 10% on 40000/-
Tax- Rs. 4000/-
or
10.3% Rs. 4120/-
and
when i make the payment, i need to mention
1.Tax Amount
2. Education Cess
3. Hight Edcation Cess, separtelly.
or
I can mention total 4120 in Tax colum
Pls guide me
regards
Chandru
26 November 2010
As far as Tax on salary is concerend Tax shall be applicable on Slab rate of tax applicable for the individuals. Cess @3 % shall also be taken in to consideration along with the tax
Son conclusion in the above case 10.3 % or 20.6 % or 30.9 % As the case may be and a surcharge @10 % shall be applicable in case where the income exceeds Rs 10 Lakh.
Son conclusion in the above case 10.3 % or 20.6 % or 30.9 % As the case may be and a surcharge @10 % shall be applicable in case where the income exceeds Rs 10 Lakh.
26 November 2010
Hi Chandru,
You need to mention
1. Tax Amount 4000
2. Education Cess 80
3. Hight Edcation Cess 40
Thank you
durga
You need to mention
1. Tax Amount 4000
2. Education Cess 80
3. Hight Edcation Cess 40
Thank you
durga
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
