Dear all,
is this salary breakup correct-
House Rent Allowance (HRA) 34,800
Dearness allowance (DA) 17,400
Transport/Conveyence Allowance 800
Leave Travel Allowance (LTA) 3,750
Medical Reimbursement 1,250
Total------58000
Please help me its urgent
Sachin Rajput (account exe) (593 Points)
29 September 2011Dear all,
is this salary breakup correct-
House Rent Allowance (HRA) 34,800
Dearness allowance (DA) 17,400
Transport/Conveyence Allowance 800
Leave Travel Allowance (LTA) 3,750
Medical Reimbursement 1,250
Total------58000
Please help me its urgent
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 29 September 2011
CALCULATION OF TDS FOR SALARY AS ABOVE WILL BE AS UNDER......
58000 X 12 =696000- 180000=516000-100000(80C),OTHER DEDUCTION U\S 80,ALSO DEDUCTED,IF ASSESSEE FULFIL CONDITION RELATION TO THESE SEC...,
IT IS PRESUMED THAT ASSESSEE PROVIDE INVESTMENT OF 80 C...
BALANCE =416000..
TAX @ 10 %= 41600/12
=3466.66
= 3467 (approx)
TDS DEDUCTED PER MONTH
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 29 September 2011
CALCULATION OF TDS FOR SALARY AS ABOVE WILL BE AS UNDER......
58000 X 12 =696000- 180000=516000-100000(80C),OTHER DEDUCTION U\S 80,ALSO DEDUCTED,IF ASSESSEE FULFIL CONDITION RELATION TO THESE SEC...,
IT IS PRESUMED THAT ASSESSEE PROVIDE INVESTMENT OF 80 C...
BALANCE =416000..
TAX @ 10 %= 41600/12
=3466.66
= 3467 (approx)
TDS DEDUCTED PER MONTH
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 30 September 2011
DEAR PRAVEEN SINGH G
Your Calculation is Corect, But dear you forgot to add EDUCATION CESS, Please add it and divide by 12
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
