Tds & pt related
This query is : Resolved
02 April 2019
Hello Sir,
If some one got salary 50000 per month and he is Salaried person. so, there 50,000 X 12 = 6,00,000/- In that case tax nill on 2,50,000 remainning 3.50,000/- we deduct @ 5% tds which is Rs.17,500/- In monthly case, if we pay 50000/- that person that means we deduct 1458 tds. am I right or wrong. after that how much amount deduct for PT (professional tax) please suggest anyone.
Read more at: https://www.caclubindia.com/forum/tds-amp-pt-professional-tax--509330.asp
If some one got salary 50000 per month and he is Salaried person. so, there 50,000 X 12 = 6,00,000/- In that case tax nill on 2,50,000 remainning 3.50,000/- we deduct @ 5% tds which is Rs.17,500/- In monthly case, if we pay 50000/- that person that means we deduct 1458 tds. am I right or wrong. after that how much amount deduct for PT (professional tax) please suggest anyone.
Read more at: https://www.caclubindia.com/forum/tds-amp-pt-professional-tax--509330.asp
05 April 2019
The Calculation of TDS is not correct.
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