Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2012
Dear Experts,
Please calculate TDS on salary for the FY 2012-13, SAlary Details as follows-
Yearly Salary 336000/-
LIP Paid 22982/-
Intt. on Housing Loan paid 111922/-
Housing loan principle amount paid 15105/-
Please give me calculation of TDS urgently.
Thakns.
Dear Experts,
Please calculate TDS on salary for the FY 2012-13, SAlary Details as follows-
Yearly Salary 336000/-
LIP Paid 22982/-
Intt. on Housing Loan paid 111922/-
Housing loan principle amount paid 15105/-
Please give me calculation of TDS urgently.
Thakns.
03 September 2012
Deduct the interest on housing loan from salary
Then deduct the housing principle and LIC paid from the salary
After the above said deductions your salary would be less then basic exemption. So there would not be any TDS liability.
Then deduct the housing principle and LIC paid from the salary
After the above said deductions your salary would be less then basic exemption. So there would not be any TDS liability.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2012
on which section intt. on housing loan is deductible.
03 September 2012
Intt. on Housing Loan is deductible u/s 24 of IT Act 1961.
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