TDS
This query is : Resolved
Ram Sakal Mahto
(Querist)
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
CMA Ramesh Krishnan
(Expert)
30 April 2010
your tds amount is correct
Ram Sakal Mahto
(Querist)
30 April 2010
thank you sir
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