Tds on salary
This query is : Resolved
08 December 2012
IF A PERSON IS GETTING A SALARY OF 7 LAC . HOW MUCH AMOUNT OF TDS WILL BE DEDUCTED BY EMPLOYER.
PLEASE GIVE CALCULATION
REGARDS
PLEASE GIVE CALCULATION
REGARDS
CA CS Amit S. Kedia
(Expert)
08 December 2012
If Rs. 7 lakhs is net taxable salary then TDS per month would be as follows-
Rs. 200000 to Rs. 500000 @10%= 30000
Rs. 500000 to Rs. 700000 @20%= 40000
Total = = 70000
Add: edu.cess@3% = 2100
Total tax payable=70000+2100= 72100
TDS per month= 72100/12= Rs. 6008/-
Rs. 200000 to Rs. 500000 @10%= 30000
Rs. 500000 to Rs. 700000 @20%= 40000
Total = = 70000
Add: edu.cess@3% = 2100
Total tax payable=70000+2100= 72100
TDS per month= 72100/12= Rs. 6008/-
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
