Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2013
Dear Sir,
My sir asks me to deduct the TDS on his salary .His salary details are as follows:
basic-35000 ; HRA - 3500 ; Conveyance - 3250 ; Medical Allowance - 750 ; LTA - 1000 ;
Personal Allowance- 1500 . Total - 45000.
Here instead of Conveyance 3250/- can i adjust to any other tax free allowances to reduce the tax?
How much i have to deduct as TDS for the above caliculation?
And he can give PPF; LIC for 1 lac under Section 80 C .
Regards
Witson
My sir asks me to deduct the TDS on his salary .His salary details are as follows:
basic-35000 ; HRA - 3500 ; Conveyance - 3250 ; Medical Allowance - 750 ; LTA - 1000 ;
Personal Allowance- 1500 . Total - 45000.
Here instead of Conveyance 3250/- can i adjust to any other tax free allowances to reduce the tax?
How much i have to deduct as TDS for the above caliculation?
And he can give PPF; LIC for 1 lac under Section 80 C .
Regards
Witson
Rupesh Jain
(Expert)
20 September 2013
rs. 800/- per month is exempt as transportation fee per month.
total salary is 45000-800=44200x12=530400-80c rs. 100000= 430400 tax is
23040+3% cess= 23731 total tax
per month is 23731/12=1978 approx. per month
total salary is 45000-800=44200x12=530400-80c rs. 100000= 430400 tax is
23040+3% cess= 23731 total tax
per month is 23731/12=1978 approx. per month
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