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.
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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Renovation exp. in flat by family member
- FAST-DS Scheme - Foreign Assets
- Consolidated financials
- CHECK RELATED
- Dep. as per companies act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
Quick Links
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
