TDS On Salary

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Chandru (Querist)
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26 November 2010 Dear Sir/madam

How I will deduct the TDS On Employee Salary.

Examples :

A's salary Rs. 200000/- Tax - 10% on 40000/-
Tax- Rs. 4000/-

or
10.3% Rs. 4120/-
and
when i make the payment, i need to mention
1.Tax Amount
2. Education Cess
3. Hight Edcation Cess, separtelly.
or
I can mention total 4120 in Tax colum

Pls guide me

regards
Chandru

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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26 November 2010 As far as Tax on salary is concerend Tax shall be applicable on Slab rate of tax applicable for the individuals. Cess @3 % shall also be taken in to consideration along with the tax

Son conclusion in the above case 10.3 % or 20.6 % or 30.9 % As the case may be and a surcharge @10 % shall be applicable in case where the income exceeds Rs 10 Lakh.

CA Durga Prasad Sigatapu

CA Durga Prasad Sigatapu (Expert)
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26 November 2010 Hi Chandru,

You need to mention

1. Tax Amount 4000
2. Education Cess 80
3. Hight Edcation Cess 40

Thank you
durga

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