tds on salary
This query is : Resolved
CA Aditya Goel
(Querist)
06 April 2009
what is the procedure of calculating tds on salary. what is the minimum limit of salry above which tds is deducted. what is the maximum limit of salary on which tds shall not be duducted.??
CA. B.SRINIVASULU
(Expert)
06 April 2009
Calculate the salary income for full finacial year conidering propable bonus also. Then get from him what would be his plan for investments and calculate hra deductions, conveance dedctions, propable medical and child education allowances deductions.
Then arrive at the taxable income. A
Apply the tax rates.
Estimated tax divide by 12.
That is the deduction per month.
Then arrive at the taxable income. A
Apply the tax rates.
Estimated tax divide by 12.
That is the deduction 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
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Additional trade name
- Whether output tax is taken credit by purchaser
- Visiting card purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
