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Search for "What Salary Tax Deducted India"
Please help in understanding pay slipHi i joined a new company in december last week and have got jan salary and feb salary so far. no tax was deducted in jan as they said tax will be deducted in feb collectively. now a huge tax amount has been deducted and i dont understand anything. my fixed pay is 9 lacs per annum and variable pay is 90000. attaching screenshot of jan and feb salary. please can you help in understanding why so much of tax is deducted in feb? Prof taxRespected all my queries are: should professional tax be deducted on the bonus amount paid to the employees? should professional tax be deducted on advance salary or on due basis when advance salary is adjusted from salary? my company falls under west bengal professional tax. thanks & regards jyoti Proffessional tax deductionDear all i want to know whether professional tax deducted based on the basic salary or total salary and also want to know whether tax deducted from basic salary thanks & regards john mathew Tax free salary from middle eastHi everybody i have very good offer from qatar. the salary is tax free. how can i transfer the salary saving to my parants in india so that i am not supposed to pay any tax on it. also me how show this tax free income in form no 16 for filing tax return in india. Income tax on superannuation settlementDear all this is regarding income tax on superannuation settlement. i am 41 years old. i resigned from my previous job after 3 years of service during the financial year 201314. when the company did my final settlement they settled my superannuation amount too and deducted tax on it. the tax they have deducted was calculated based on the average rate of tax deducted on my income during my last 3 years of employment. this comes to about 20. that is the company has deducted apprx. 20 tax on my superannuation settlement. i got this clarified from the company and it seems right as per the tax laws. my total income from all sources for the year comes under the 30 tax bracket. since the company has deducted 20 tax on the superannuation settlement do i need to pay the remaining 10 tax on the superannuation settlement? or is it that i don t need to pay any more tax on my superannuation settlement other than what the company has already deducted? please clarify... thanks kiran Regarding tax deductionHi friends in our company i have seen our payroll guys deduting tax in advance. for eg. one of our employee joined in june06 and payroll guys had deducted the full year tax from his first month salary. here i just want to know do we have any policies as per govt. guidlines that when and how the tax will be deducted because if payroll deduct my salary in advance and in future definatly i will show my savings then what wil happen. waiting for kind reply. regards rupendra