15 June 2013
daer all plz explain me if i have paid 17000 p.m salery have any employee & employee is a tax payee then i have also deduct t.d.s. on salery par month & how can calculate tds amount
15 June 2013
TOTAL INTT . 17000X12=204000/- IS TOTAL SALALRY A TPRESENT EXEPTION LIMIT IS 200000/- IF YOU ARE GIVING TPT ALLOWANCE THEN EMPLOYEE WILL ELIGIBLE FOR uP TO RS. 800/- pER MONTH FOR EXEMPTION U/S 10 THEN HIS SALALRY BECOME RS. 204000-9600= 194400 THEN NO TDS TO BE DEDUCTED
OTHER WISE ON RS. 4000/- @ 10% +3% CESS= TAX WILL DEDUCTED RS. 412/- IF HE HAVE NO INVESTMENT U/S 80
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