TDS
This query is : Resolved
30 April 2010
Sir,
Please Guide me on Following
I am going to deduct TDS form salary of Employee.
Details Amount(Rs.) Exempt
Basic Salary 13,000 NA
House Rent Allowance 6,000 5200
Transport Allowance 1,000 800
Gross Salary 20000 6000
TDS:
Salary(P.M.) After exemtion 14000 Slab Amount Tax
No. of Months 12 UPTO 160,000 NIL
Annual Salary 168000 Rs>1.6 Lac and 5 Lac
Monthly TDS to be Deducted 67
Least of Following Exempt:
1. Actual Receipt Rs. 6000 Rent Paid 7200
2. Rent Paid -10% of (Salary+DA) Rs.5900 10% of Salary 1300
,= 7200-[10%*13000] 5900
3. 40% of Salary+DA =Rs. 5200
noida
Please confirmed us that above TDS is correct or not
Thanks
Ram
Please Guide me on Following
I am going to deduct TDS form salary of Employee.
Details Amount(Rs.) Exempt
Basic Salary 13,000 NA
House Rent Allowance 6,000 5200
Transport Allowance 1,000 800
Gross Salary 20000 6000
TDS:
Salary(P.M.) After exemtion 14000 Slab Amount Tax
No. of Months 12 UPTO 160,000 NIL
Annual Salary 168000 Rs>1.6 Lac and 5 Lac
Monthly TDS to be Deducted 67
Least of Following Exempt:
1. Actual Receipt Rs. 6000 Rent Paid 7200
2. Rent Paid -10% of (Salary+DA) Rs.5900 10% of Salary 1300
,= 7200-[10%*13000] 5900
3. 40% of Salary+DA =Rs. 5200
noida
Please confirmed us that above TDS is correct or not
Thanks
Ram
30 April 2010
your tds amount is correct
30 April 2010
thank you sir
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
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- Error in uploading Form 10BD
- NRI INSURANCE ADVISOR
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Sale of Mutual Funds In Diffirent Financial Years
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
