About tds
This query is : Resolved
01 December 2011
hi dear, i have problem with deducting tds from salary. 1-is tds deduct on gross salary/basic salary ? 2- if salary is inr16000/-p.m. Then applicable deducting tds or not. If applicable then how? Give reply with adjustment.plz......
REGARDS
RAMPRASAD
REGARDS
RAMPRASAD
01 December 2011
Calculate taxable salary as per the provisions of income tax act, apply the tax rate and deduct tds.
Salary per year 16000*12=192000
For men basic exemption limit=180000.
Taxable Salary=12000.
Tax @ 10.3%=Rs. 1236 per year i.e. Rs. 103 per month.
Salary per year 16000*12=192000
For men basic exemption limit=180000.
Taxable Salary=12000.
Tax @ 10.3%=Rs. 1236 per year i.e. Rs. 103 per month.
02 December 2011
Dear,aijaz shaikh
Thanks to you. but plz.read again my query and resolved it...i think
Salary per year 16,000*12=192,000
and it is applicable for tds.and one query also i have mentioned there about tds deduction on basic salary or gross salary... be positive.i am waiting for your response
Thanks to you. but plz.read again my query and resolved it...i think
Salary per year 16,000*12=192,000
and it is applicable for tds.and one query also i have mentioned there about tds deduction on basic salary or gross salary... be positive.i am waiting for your response
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