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.
Regards,
Ram
I understood that let me suggest how to find out cess amount of Rs. 800/- which basis calculate this figure.
That means whatever tax amount as per rule calculate 4% for cess right.
CAclubindia
