tds
This query is : Resolved
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.
10 September 2010
Total salary Rs. 36000 and investment Rs. 50000, so you are not coming under Income tax, so donot deduct TDS
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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
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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11 September 2010
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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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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