Tds on salary
This query is : Resolved
16 November 2013
dear sirs
Mr A is the employee of the S Ltd. and earned salary for the A.Y.2013-14 Basic salary - 21500 p.m.DA 8000 p.m. commission 30000 p.a
so anybody calculate what is the TDS amount p.m
CA.Shubhneet Kaur
(Expert)
16 November 2013
Salary(21500*12) = 258000
D.A.(8000*12) = 96000
Other Income declared by employee = 30000
Total 384000
less: Deduction u/s chapter Vi -
tax on 384000
Assuming assessee as resident indivisual tax on 384000 under normal rate is 18952.
TDS amount p.m - 18952/12 = 1580 approx.
D.A.(8000*12) = 96000
Other Income declared by employee = 30000
Total 384000
less: Deduction u/s chapter Vi -
tax on 384000
Assuming assessee as resident indivisual tax on 384000 under normal rate is 18952.
TDS amount p.m - 18952/12 = 1580 approx.
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