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
CA Ronak Jain
(Expert)
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
CA Ronak Jain
(Expert)
05 December 2011
you are welcome.
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