Please let me know the TDS amount to be deducted from a Salary amount of Rs.44000/- p.m. for a male employee.
From India, Delhi
5From India, Delhi
Assuming Total Salary of 44000*12 = 5,28,000
If you don't use 80C or HRA then TDS will be 35600 per year - i.e. 3000 per month
If you use 80 C then you TDS should be 22,800 per year - i.e. 1900 per month
If you claim HRA and 80C then TDS will be lower depending on your HRA Amount.
Hope that helps
From India, Pune
If you don't use 80C or HRA then TDS will be 35600 per year - i.e. 3000 per month
If you use 80 C then you TDS should be 22,800 per year - i.e. 1900 per month
If you claim HRA and 80C then TDS will be lower depending on your HRA Amount.
Hope that helps
From India, Pune
First of all please give the details of salary. If this is net of after all deduction than TDS is Rs. 36668/- P.A.(Monthly deduction is 3056/-) Thanks
From India, Pune
From India, Pune
Basic 26400/- Hra 13200/- cca 4400/- Gross is rs. 44000/-p.m. , rent receipt of Rs. 10,000/- was submitted by the candidate(staying in Delhi) Please let me know the TDS amount per month.
From India, Delhi
From India, Delhi
Hai Find Attachment For Your Reference. Further any Clarification Please Call to My Bangalore Cell No: 9845035547 Regards Umashankar Bangalore
From India, Bangalore
From India, Bangalore
Dear
As per your bifurcation of salary in excel sheet Basic is
Basic 234000
HRA 117000
Conveyance 74880
as you written in your earlier blog
Basic 26400/-
Hra 13200/-
cca 4400/-
Yearly ctc is
316800
158400
52800
total income is 528000
Deduction in hra is 7360*12 = 88320
deduction in convence if = 9600
if you deduct pf @ 12 % of basic is 38016
total of deduction is - 135936
taxable uncome is 528000-135936 = 392064
tax 392064-200000 = 192064*10.3% = 19783
Total tax is = 19783/12 = 1648
monthly tds is 1648
From India, New Delhi
As per your bifurcation of salary in excel sheet Basic is
Basic 234000
HRA 117000
Conveyance 74880
as you written in your earlier blog
Basic 26400/-
Hra 13200/-
cca 4400/-
Yearly ctc is
316800
158400
52800
total income is 528000
Deduction in hra is 7360*12 = 88320
deduction in convence if = 9600
if you deduct pf @ 12 % of basic is 38016
total of deduction is - 135936
taxable uncome is 528000-135936 = 392064
tax 392064-200000 = 192064*10.3% = 19783
Total tax is = 19783/12 = 1648
monthly tds is 1648
From India, New Delhi
Dear Rahul
for Your Reference PF From Employer Contribution Will Be Taxable and Employee Will Be Tax free. Please Find Revised Calculation Sheet For Your Reference.
If Any Savings Comes Under 80C Tax Will Be Reduced. And Any Other Benefits From Employer Like Bonus. Leave Encashment Tax Will Be Applicable As Per Tax Rates.
Regards
Umashankar
From India, Bangalore
for Your Reference PF From Employer Contribution Will Be Taxable and Employee Will Be Tax free. Please Find Revised Calculation Sheet For Your Reference.
If Any Savings Comes Under 80C Tax Will Be Reduced. And Any Other Benefits From Employer Like Bonus. Leave Encashment Tax Will Be Applicable As Per Tax Rates.
Regards
Umashankar
From India, Bangalore
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BASICS OF TDS ON SALARY-1.doc
Monthly Salary Statement - CTC and TDS Calculator.xls