How to calculate tds on salary?

THE BASIC SALARY AS PER YOUR INFORMATION IS RS. 19500/-

in total it will be Rs 234000/- per annum...if you allow conveaynce allowance of RS. 9600/- Mdeicial Allowance Rs. 15000/- HRA around Rs 93600... and PT OF RS 2400/- her taxable salary will be Rs.113400 which is less than the taxable limit.. so no need to deduct TDS.

Originally posted by : satish kumar voleti
	THE BASIC SALARY AS PER YOUR INFORMATION IS RS. 19500/- in total it will be Rs 234000/- per annum...if you allow conveaynce allowance of RS. 9600/- Mdeicial Allowance Rs. 15000/- HRA around Rs 93600... and PT OF RS 2400/- her taxable salary will be Rs.113400 which is less than the taxable limit.. so no need to deduct TDS.

She is also getting commission on sales of around Rs.2000-2500 per month. Should I consoider this while calculating TDS? We are paying this amount to her as variable pay i.e. not added this to her basic salary.

Even though you add the sales comm to her salary, tds won't attract

Originally posted by : Sivaguru SM
	Even though you add the sales comm to her salary, tds won't attract

Thanks

(1) The following income shall be chargeable to income-tax under the head "Salaries" :

(a)  any salary due from an employer or a former employer to an assessee in the previous year, whether paid or not;

(b)  any salary paid or allowed to him in the previous year by or on behalf of an employer or a former employer though not due or before it became due to him.

(c)  any arrears of salary paid or allowed to him in the previous year by or on behalf of an employer or a former employer, if not charged to income-tax for any earlier previous year.

where any salary paid in advance is included in the total income of any person for any previous year it shall not be included again in the total income of the person when the salary becomes due.

Any salary, bonus, commission or remuneration, by whatever name called, due to, or received by, a partner of a firm from the firm shall not be regarded as "Salary".

Dear,

FOR A TAX CALCULATON BASIC SALARY TAKEN i.e. Rs.234000 p.a.

suppose after deductible allowance even income is taxable in hands of employee than TDS liability arise.

Tds rate not specify by IT Act.

employer deduct tds at amount tax payable by employee.

employer liable to calculate tax libility of employee and employee is liabile to pay tax than employer deduct  tds.

i.e. total tax liablilty during year rs.1700 than employer deduct tds every year rs.141.66

Mr. Vinayak

You will have to give complete break up of her salary.information give is incomplete.

Otherwise all give you answer by assuming Convenyace allownace,HRA etc.Due to which answer may be inaccurate.

Hi Friends........ I would like to give some suggestions from my side..  hope you would  find this information useful and can solve you queries.

Normal Rates of tax: