1. Assuming the employee does not pay house rent: Total Salary 3,00,000 less Travelling allowance 9,600 less Profession Tax 0. The balance is 2,90,400. For the assessment year 2012-2013 you have to deduct 11040 as tax and 331 as Cess. The Total Tax should be divided in 12 instalment and deduction should be made at the time of payment of salary. 2. In addition to above you have to allow deduction for 50,000. Therefore the tax should be reduced by 5,000 and consequential reduction of cess should be made. 3. From the first answer the tax should be reduced by 4500 and consequential cess should also be reduced.
1. Assuming the employee does not pay house rent: Total Salary 3,00,000 less Travelling allowance 9,600 less Profession Tax 0. The balance is 2,90,400. For the assessment year 2012-2013 you have to deduct 11040 as tax and 331 as Cess. The Total Tax should be divided in 12 instalment and deduction should be made at the time of payment of salary. 2. In addition to above you have to allow deduction for 50,000. Therefore the tax should be reduced by 5,000 and consequential reduction of cess should be made. 3. From the first answer the tax should be reduced by 4500 and consequential cess should also be reduced.
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