Tds
This query is : Resolved
05 November 2012
Give me example of TDS calculation on salary of 240000
05 November 2012
HI
It is assumed that Rs.2.40 lacs gross taxable income after deduction u/s-10.
From Rs.240000 deduct deduction u/s 80D & 80C.
From Balance give standard deduction of Rs. 200000.
So net amount is Taxable. Say in current case Its Rs. 40,000/-
Tax Payable @ 10% & 3% Cess Rs. 4000 & Rs.120.
Total Tax is Rs.4120/- that you have to deduct per month. Say from April so per month tax comes to Rs.343
Rgds//Vaibhav
Click thank button to convey your appreciation.
It is assumed that Rs.2.40 lacs gross taxable income after deduction u/s-10.
From Rs.240000 deduct deduction u/s 80D & 80C.
From Balance give standard deduction of Rs. 200000.
So net amount is Taxable. Say in current case Its Rs. 40,000/-
Tax Payable @ 10% & 3% Cess Rs. 4000 & Rs.120.
Total Tax is Rs.4120/- that you have to deduct per month. Say from April so per month tax comes to Rs.343
Rgds//Vaibhav
Click thank button to convey your appreciation.
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
