Tds on salary
This query is : Resolved
20 August 2014
hi
please suggest tds on salary for 6 lakhs p.a how to calculat.. reply asap
please suggest tds on salary for 6 lakhs p.a how to calculat.. reply asap
20 August 2014
you need salary break up and deduction to be claimed for calculation of final tax liability.
20 August 2014
you need salary break up and deduction to be claimed for calculation of final tax liability.
20 August 2014
Calculate deductions from gross total income (i.e. salary income and other income) u/s.80c etc., deduct them from Rs.6 lacs + any other income (if any) and then if they are under Rs.5 lacs :-
10% of (Total Income - 200000)
Minus - Rs.2000 [special rebate u/s. 87A]
and if TI will be more than 5 Lacs :-
20% of (Total Income - 500000) + 30000
[no rebate u/s. 87A available coz TI > 5L]
10% of (Total Income - 200000)
Minus - Rs.2000 [special rebate u/s. 87A]
and if TI will be more than 5 Lacs :-
20% of (Total Income - 500000) + 30000
[no rebate u/s. 87A available coz TI > 5L]
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21 August 2014
you have to calculate the all exemption of allowance if allowed under the income tax act. then you take income from salary. and then take deduction u/s 80 and after that you can take the procedure tell by Mr. P K aggarwal
21 August 2014
agree with rupesh
21 August 2014
agree with rupesh
21 August 2014
agree with Mr Rupesh
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