tds
This query is : Resolved
Shiv Shankar Prasad
(Querist)
10 September 2010
we have paid a salary of Rs.36000-00,investment upto Rs.50000,what to do- can i deduct tds , if yes , please tell me procedure.
CMA Ramesh Krishnan
(Expert)
10 September 2010
Total salary Rs. 36000 and investment Rs. 50000, so you are not coming under Income tax, so donot deduct TDS
Message likes :
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10 September 2010
Please exactly tell the amount of salary---
Is it Rs 36000/- per month or per annum
Is it Rs 36000/- per month or per annum
Shiv Shankar Prasad
(Querist)
10 September 2010
36000.00per month
10 September 2010
TDS calculation---
36000*12= Rs 432000
Txable income
=( 432000-50000)
=Rs 382000
If employee is female--
TDS=(28222/12)=Rs 2352 p.m
If Male---
TDS=(31312/12)=Rs 2609 p.m.
36000*12= Rs 432000
Txable income
=( 432000-50000)
=Rs 382000
If employee is female--
TDS=(28222/12)=Rs 2352 p.m
If Male---
TDS=(31312/12)=Rs 2609 p.m.
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Shiv Shankar Prasad
(Querist)
11 September 2010
Shiv Shankar Prasad
(Querist)
13 September 2010
we have paid a salary of Rs. 36000-00,per month,investment upto Rs. 50000,what to do- can i deduct tds , if yes , please tell me procedure, Computation sheet.
13 September 2010
calculation for Rs. 28222.00.
UPTO Rs 190000.00 Nil
190001 to Rs 300000.00 10% (110000*10%)=11000
on Next 82000 @ 20%=16400
3% cess on (11000+16400)=Rs 822
Total=(11000+16400+822)=28222
UPTO Rs 190000.00 Nil
190001 to Rs 300000.00 10% (110000*10%)=11000
on Next 82000 @ 20%=16400
3% cess on (11000+16400)=Rs 822
Total=(11000+16400+822)=28222
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Shiv Shankar Prasad
(Querist)
15 September 2010
Hi Sir,
Is it Okay for Assesment Year 2011-12
Is it Okay for Assesment Year 2011-12
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