Dear all,
is this salary breakup correct-
House Rent Allowance (HRA) 34,800
Dearness allowance (DA) 17,400
Transport/Conveyence Allowance 800
Leave Travel Allowance (LTA) 3,750
Medical Reimbursement 1,250
Total------58000
Please help me its urgent
Menu
Tds on salary
Replies (3)
CALCULATION OF TDS FOR SALARY AS ABOVE WILL BE AS UNDER......
58000 X 12 =696000- 180000=516000-100000(80C),OTHER DEDUCTION U\S 80,ALSO DEDUCTED,IF ASSESSEE FULFIL CONDITION RELATION TO THESE SEC...,
IT IS PRESUMED THAT ASSESSEE PROVIDE INVESTMENT OF 80 C...
BALANCE =416000..
TAX @ 10 %= 41600/12
=3466.66
= 3467 (approx)
TDS DEDUCTED PER MONTH
CALCULATION OF TDS FOR SALARY AS ABOVE WILL BE AS UNDER......
58000 X 12 =696000- 180000=516000-100000(80C),OTHER DEDUCTION U\S 80,ALSO DEDUCTED,IF ASSESSEE FULFIL CONDITION RELATION TO THESE SEC...,
IT IS PRESUMED THAT ASSESSEE PROVIDE INVESTMENT OF 80 C...
BALANCE =416000..
TAX @ 10 %= 41600/12
=3466.66
= 3467 (approx)
TDS DEDUCTED PER MONTH
DEAR PRAVEEN SINGH G
Your Calculation is Corect, But dear you forgot to add EDUCATION CESS, Please add it and divide by 12
Recent Threads
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
Related Threads
CAclubindia
