Tds on salary & freight
This query is : Resolved
08 November 2011
HELLO SIR,
MY RELATIVE WORKING WITH BPO (MULTINATIONAL) EARNS SALARY ABOUT RS.15000-16000 OR SOMETIMES EVEN ABOVE DUE TO INCENTIVES DEPENDING ON PERFORMANCE I JUST WANT TO KNOW WHATS THE RATE OF TDS THAT IS DEDUCTED FROM HIS SALARY AND IS IT POSSIBLE TO SAVE THIS TAX IF HE IS PAYING LIC OF ABOUT 1000 P.M
AND I ALSO WANT TO KNOW ABOUT TDS RATES ON FREIGHT CHARGES FOR F.Y2011-12
MY RELATIVE WORKING WITH BPO (MULTINATIONAL) EARNS SALARY ABOUT RS.15000-16000 OR SOMETIMES EVEN ABOVE DUE TO INCENTIVES DEPENDING ON PERFORMANCE I JUST WANT TO KNOW WHATS THE RATE OF TDS THAT IS DEDUCTED FROM HIS SALARY AND IS IT POSSIBLE TO SAVE THIS TAX IF HE IS PAYING LIC OF ABOUT 1000 P.M
AND I ALSO WANT TO KNOW ABOUT TDS RATES ON FREIGHT CHARGES FOR F.Y2011-12
10 November 2011
TDS on Salary in ur case will be 10%. investment in LIC is deductable U/s 80C Apart from that, exemption for conveyance allowance (Upto Rs.9600/- p.a.), Medical Reimbursement (Upto Rs. 15000/- p.a.) & PF contribution of employee (U/s 80C) applicable while computing of taxable income
Message likes :
1 times
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- ITDS U/S.194T of Firm
- GST not cancelled by tenant
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Capital gain on sale and purchase of plot
- CREDIT NOTES WITHOUT GST
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
