Find tds to salary reg
This query is : Resolved
Mahendravarman
(Querist)
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.
Nischit Sanghavi
(Expert)
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.
KAVIRAJA ADDANGADI
(Expert)
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.
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