Saswatabanerjee
Partner - Risk Management
Bodlasrinu
Sr Hr Cum Accts Executive
Smbhappy
Finance, Hr, Sectarial Practices, Law And
+3 Others

Dear All,
Recently i joined as HR consultant in one company.
I would like to know about TDS on CTC.
I heared that, if i am having PAN card then TDS will be 10% else it will be 20% it seems.
could you pls any one help me in this.
Thanks in advance,
Rajeshwari

From India, Bangalore
Hi
Rajeswari garu you have joined as a HR consultant in one company. The company employers deducted tds as consultancy. i.e., TDS on Consultancy @ 10%. Where if u r having or Quote your PAN No. if not they deduct 20% on u r amount without having PAN No.
with regards
sreenivasa rao

From India, Hyderabad
Dear All,
could you pls help me with the Employement application format for IT MNC companies.
I would like to have simple one which can contain required information like, his personal details, employemt history and education background.
Thanks in Advance,
Rajeshwari

From India, Bangalore
A detailed format is attached for ur reference
From India, Bangalore

Attached Files
File Type: doc Joining Report - Template.doc (78.5 KB, 838 views)

Hi
I assume ctc is cost to company ? (or is it consultancy ?)
Tds on salary is at the full tax rate applied to the employee concerned and irrespective of whether he /she has a pan card. However, current tds rules do not allow tds returns to be filed without having pan numbers of all employees form whom tds is deducted. So it's necessary for the employee to get a pan card. If sallary is above tds limits

From India, Mumbai
Have you checked the details of CTC, because there are many exemption and investment avenue where we can save tax.
From India, Ahmadabad
CTC is a hypothetical figure and it has nothing to be done with the salary drawn. The TDS is deducted on the total salary drawn (to be drawn during the year) at the rate applicable to the individuals in different slabs (10%, 20% and 30% of the taxable income plus surcharge as applicable). The total tax payable is divided in 12 convenient installments so that the tax is deducted in easy installments, during the year.

Rates are as under:

A. Individuals and HUFs

I. In case of individual (other than II and III below) and HUF:-
Income Level / Slabs Income Tax Rate
i. Where the total income does not exceed Rs.1,60,000/-. NIL
ii. Where the total income exceeds Rs.1,60,000/- but does not exceed Rs.3,00,000/-. 10% of amount by which the total income exceeds Rs. 1,60,000/-
iii. Where the total income exceeds Rs.3,00,000/- but does not exceed Rs.5,00,000/-. Rs. 14,000/- + 20% of the amount by which the total income exceeds Rs.3,00,000/-.
iv. Where the total income exceeds Rs.5,00,000/-. Rs. 54,000/- + 30% of the amount by which the total income exceeds Rs.5,00,000/-.

II. In case of individual being a woman resident in India and below the age of 65 years at any time during the previous year:-
Income Level / Slabs Income Tax Rate
i. Where the total income does not exceed Rs.1,90,000/-. NIL
ii. Where total income exceeds Rs.1,90,000/- but does not exceed Rs.3,00,000/-. 10% of the amount by which the total income exceeds Rs.1,90,000/-.
iii. Where the total income exceeds Rs.3,00,000/- but does not exceed Rs.5,00,000/-. Rs. 11,000- + 20% of the amount by which the total income exceeds Rs.3,00,000/-.
iv. Where the total income exceeds Rs.5,00,000/- Rs.51,000/- + 30% of the amount by which the total income exceeds Rs.5,00,000/-.

III. In case of an individual resident who is of the age of 65 years or more at any time during the previous year:-
Income Level / Slabs Income Tax Rate
i. Where the total income does not exceed Rs.2,40,000/-. NIL
ii. Where the total income exceeds Rs.2,40,000/- but does not exceed Rs.3,00,000/- 10% of the amount by which the total income exceeds Rs.2,40,000/-.
iii. Where the total income exceeds Rs.3,00,000/- but does not exceed Rs.5,00,000/-. Rs.6,000/- + 20% of the amount by which the total income exceeds Rs.3,00,000/-.
iv. Where the total income exceeds Rs.5,00,000/- Rs.46,000/- + 30% of the amount by which the total income exceeds Rs.5,00,000/-.

Surcharge: The surcharge on Income Tax for Individuals for total income exceeding Rs.10 lacs stands removed.

Education Cess: 3% of the Income-tax.

From India, Chandigarh
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