Hii Dear, For Salary of Rs.10000/-, tax is coming Rs.42 only. you can claim conveyance rs.9600/- I assume the person is a male and below 65 years age.
T.D.S. On Salary
Page no : 3
Raghav
(Audit & Accounts )
(30 Points)
Replied 11 June 2008
Hii... Can ny Bdy tells me d procedure 2 do Ledger Scrutiny..in audit
girish mangla
(practice)
(206 Points)
Replied 23 July 2008
| Originally posted by :Guest | ||
| " | HOW MANY TDS ON RS.22000 SALARY PER MONTH PLS CALCUTA TDS FOR F.Y.2007-2008 SALARY PAID TO LADIES |
" |
there is a standard deduction of Rs 145000/- in case of ladies. in your case without any other deduction u\s 80c to 80u Tds on your salary will be Rs24700/- for this year.this amount of Tds is calculated when there are no bifurcation in your salary, like HRA , Conveyance And other allowances. if such type of bifurcation is done then tds amount will change.
(Guest)
hi friends,
Tds on salaries is calculated if the employee is having taxable income i.e,
basic pay+da+hra+conveyance etc=gross income
gross income-deductions as per income tax sectionsi.e,
80c,80d, etc=Taxable income
if taxable income is above Rs12500pm ie,150000/12months
tds rates applicable is 10% plus surcharge 10% and educations cess 3%
Randeep Kumar Ojha
(CS)
(20 Points)
Replied 08 November 2008
Hi Friends,
Can anybody tell me what are the exemptions which will be deducted while calculating the TDS?
madhu babu
(employee)
(20 Points)
Replied 16 November 2008
| Originally posted by :Guest | ||
| " | HOW TO CALCLUTED TDS ON SALARY | " |
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