Tds on salary
This query is : Resolved
20 June 2013
Sir,
Recently i joined a company in June'13. my monthly salary breakup is:
Basic: Rs. 16,000
HRA: Rs. 8,000
Special Allowance : Rs. 29,100.
so, Total Gross Salary is Rs.. 53,100.
PF is optional in my company. so, i choose not to deduct PF. only meals expenses deduct from my salary amounted to rs.100 per month.which provide net income amounted to Rs. 53,000
now, company is asking for investment declaration for f/y 13-14. presently i have a PPF a/c and i will submit Rs.100,000 in that for f/y 13-14.
kindly provide me the calculation of TDS, that how much amount will be deducted from my salary per month.
Thanks
Recently i joined a company in June'13. my monthly salary breakup is:
Basic: Rs. 16,000
HRA: Rs. 8,000
Special Allowance : Rs. 29,100.
so, Total Gross Salary is Rs.. 53,100.
PF is optional in my company. so, i choose not to deduct PF. only meals expenses deduct from my salary amounted to rs.100 per month.which provide net income amounted to Rs. 53,000
now, company is asking for investment declaration for f/y 13-14. presently i have a PPF a/c and i will submit Rs.100,000 in that for f/y 13-14.
kindly provide me the calculation of TDS, that how much amount will be deducted from my salary per month.
Thanks
20 June 2013
Do you live in a Rented House?
Any Mediclaims?
What is your Rent Paid per month, In which city do you reside?
Any Mediclaims?
What is your Rent Paid per month, In which city do you reside?
20 June 2013
Yes Mam, i am living in a rented house @Rs.10,000 per month. Having my LIC amounted to Rs. 14,400 p.a and Mediclaims amounted to Rs.12,000 p.a
and apart from this planning to deposited Rs.100,000 in PPF during f/y 13-14
and apart from this planning to deposited Rs.100,000 in PPF during f/y 13-14
20 June 2013
HRA Exempted u/s 10(13A)
Least of the following
1.Amount of HRA
2.Excess rent paid over 10% of Salary(Basic + DA)
3.50% in metros or 40% in other cities
HRA Exempted u/s 10(13A)
Least of the following
1.Amount of HRA
2.Excess rent paid over 10% of Salary(Basic + DA)
3.50% in metros or 40% in other cities
22 June 2013
Approximately 1700/- per month
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
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- NRI INSURANCE ADVISOR
- TAX AUDIT QUESTION
- Reporting in TDS return
- Due Date Clarity
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- 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
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
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
