Tds on salary & freight
This query is : Resolved
08 November 2011
HELLO SIR,
MY RELATIVE WORKING WITH BPO (MULTINATIONAL) EARNS SALARY ABOUT RS.15000-16000 OR SOMETIMES EVEN ABOVE DUE TO INCENTIVES DEPENDING ON PERFORMANCE I JUST WANT TO KNOW WHATS THE RATE OF TDS THAT IS DEDUCTED FROM HIS SALARY AND IS IT POSSIBLE TO SAVE THIS TAX IF HE IS PAYING LIC OF ABOUT 1000 P.M
AND I ALSO WANT TO KNOW ABOUT TDS RATES ON FREIGHT CHARGES FOR F.Y2011-12
MY RELATIVE WORKING WITH BPO (MULTINATIONAL) EARNS SALARY ABOUT RS.15000-16000 OR SOMETIMES EVEN ABOVE DUE TO INCENTIVES DEPENDING ON PERFORMANCE I JUST WANT TO KNOW WHATS THE RATE OF TDS THAT IS DEDUCTED FROM HIS SALARY AND IS IT POSSIBLE TO SAVE THIS TAX IF HE IS PAYING LIC OF ABOUT 1000 P.M
AND I ALSO WANT TO KNOW ABOUT TDS RATES ON FREIGHT CHARGES FOR F.Y2011-12
10 November 2011
TDS on Salary in ur case will be 10%. investment in LIC is deductable U/s 80C Apart from that, exemption for conveyance allowance (Upto Rs.9600/- p.a.), Medical Reimbursement (Upto Rs. 15000/- p.a.) & PF contribution of employee (U/s 80C) applicable while computing of taxable income
Message likes :
1 times
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
