TDS Chargeable on Salary
This query is : Resolved
07 September 2008
At what rate TDS will be charged on Salary and what should be the minimum Salary?
07 September 2008
calcualte the tax amount on whole year's salary & deduct this amount from monthly payment of salary.
08 September 2008
TDS on Salary is deducted on the Slab Rates basis. The rates are prescribed in the budget every year. The minimum taxable salary prescribed is the same as the minimum exemption limit provided to individual assessee. For AY 2009-2010, the minimum taxable salary is Rs. 150000 for individual other then female assessee and senior citizens.
09 September 2008
calculate tax liablility for the year as per IT act and div the same by 12 mts
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- ASMT-10 received from A O
- Gst on travel by air for business purposes
- Taxability of credit in canara bank ET & T section (NRO)
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- ITR-3 File/Error Found
- Banking Related Issue
- IT returns for fresh job holders
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
