Tds on salary
This query is : Resolved
01 December 2011
Hi,
Please give an worked out example of TDS on salary calculation as it will be helpful for me to learn it
Please give an worked out example of TDS on salary calculation as it will be helpful for me to learn it
01 December 2011
as per sec 192, TDS on salary will be deducted from the gross Salary after considering deduction u/ch VIA. The amount of TDS will be same as tax on Total Income of the Induvidual.
For Example if the gross salary is 500000/-
n deduction u/s 80c 100000/-
then TDS will be 24000/- plus education cess
For Example if the gross salary is 500000/-
n deduction u/s 80c 100000/-
then TDS will be 24000/- plus education cess
05 December 2011
you are welcome.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
