tds on salary per month
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2011
A. is earning 100000 per month than what is monthly tds please tell me soon because i have to submit tds or if it is possible u can send me tds calculator than it will be oblige
thanks please tell me as soon as
thanks please tell me as soon as
02 June 2011
See the computation below
This computation is for Individual
Total Income - Rs. 12,00,000/- (100000*12)
Basic Exe Limit - Rs. 180000/-
Deductions u/s. 80C (if any) - Maximum upto Rs. 120000/- [100000+20000(infrastructure bonds)]
----------
Taxable Amount Rs. 900000/-
Tax liability
Rs. 300000-500000 - 10% - Rs. 20000/-
Rs. 500000-800000 - 20% - Rs. 60000/-
Rs. 800000-1200000- 30% - Rs. 120000/-
-----------
Rs. 180000/- + E.C. & SHEC @ 3% Rs. 5400/-
------------
Rs. 185400/-
TDS to be deducted = Tax Liability/12 months
TDS for the each month = Rs. 15450/-
This computation is for Individual
Total Income - Rs. 12,00,000/- (100000*12)
Basic Exe Limit - Rs. 180000/-
Deductions u/s. 80C (if any) - Maximum upto Rs. 120000/- [100000+20000(infrastructure bonds)]
----------
Taxable Amount Rs. 900000/-
Tax liability
Rs. 300000-500000 - 10% - Rs. 20000/-
Rs. 500000-800000 - 20% - Rs. 60000/-
Rs. 800000-1200000- 30% - Rs. 120000/-
-----------
Rs. 180000/- + E.C. & SHEC @ 3% Rs. 5400/-
------------
Rs. 185400/-
TDS to be deducted = Tax Liability/12 months
TDS for the each month = Rs. 15450/-
02 June 2011
SEARCH FOR tax calculator in files section.
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