How can i calculate income tax / tds on my salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2013 Dear Sir kindly note that-
My Basic salary is - 17250
HRA - 8625
Conveyance - 900
Child allowance - 1500
Medical Allowance - 1600
LTA - 1630
FBA - 2058
PF Deduction - 2070
and rent paid every month - 9000

Also advise that how much tds / income tax will be deduct by my company.

Sir if m i right then please advise that all allowance would be under head in indirect expenses & Pf & ESIc will be in current liability in tally....

Awaiting your kind response.

Ramkrishna Mokashi

Ramkrishna Mokashi (Expert)
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30 November 2013 This goes for all who want to know deduction of TDS from salary. Best way to check if your company is deducting right amount of TDS, go to Income tax website, and download ITR in excel format. Input your total salary and deduction, and calculate tax. If that is what your company is deducting, you are good. Otherwise, talk with Payroll team of your company.

For entry in Tally (for employer)
you are right, ( plus - the PF & ESIC - employer share will also get into Expense GLs)

Hope this clarifies.

Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2013 Dear sir i want to tell you that my company is not deducting tds but according to me tds should be deducted but i am unable to calculate tds amount and i want to know that tds would be calculated on my basic salary or all allowances will have to be added....

Please advise on urgent basis.

Awaiting your kind response.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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18 August 2023 TDS to be deducted on basic salary+DA+ taxable perquisites.

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