Find tds to salary reg
This query is : Resolved
22 May 2017
hi to all
how find TDs to salary person ? what percentage applicable to them ?
if anybody can known tell answers for useful me.
22 May 2017
there is no rate for tds on salary. it is on gross receipts less investment made.
slab rate for tax will be applicable.
22 May 2017
For salary tds is deducted based on net taxable income after considering deduction u/s 10 HRA, CA, MA etc, deduct PT Arrive Taxable income from salary deduct chapter VI A saving like Tuition Fees, Employee PF, Housing Loan principal, Mediclaim policy deduction etc, if Net salary income False within Five lakh TDS to be deducted @ 10% after considering exemption Rs.250000/- Additional rebate u/s 87A Rs.5000/- for Ay 2017-18, if Taxable income exceed above five lakh 87A Rebate not applicable TDS to be calculated upto 5lakh 10% exclude Minimum exemption Rs.250000/- Tax should be calculated on balance Rs.250000/-, Above 5 lakhs @20% and above 10 Lakh tax to be calculated @30%
TAX to be arrived considering declarations of saving, same can be spread taxable period. During Dec obtain all documents support to saving as per declaration.
TAX to be arrived considering declarations of saving, same can be spread taxable period. During Dec obtain all documents support to saving as per declaration.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Reporting of STCG on Property in ITR
- Form 10BD Filling
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
