Jeevarathnam
Sr. Manager Hr/admin
+1 Other

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HI SIR
Previously our company was proprietorship company now they have converted it to a private company. Now i have to give the salaries by calculating all the basic salary ,hra , DA manually so please suggest me how to calculate all those and how much tax should be detected from the salary and the ranges of the salary which are not included in the tax detection .
sir our employees are getting 8000 as there pay for the month now i have to calculate the hra and da to this .
please sir help me to calculate

Dear Ms. Bharathi.nekkanti,
You can calculate the salary by using the following pay calculator attached for your reference.
India Income tax slabs 2012-2013
General tax payers
Income tax slab (in Rs.)
0 to 2,00,000 No tax
2,00,001 to 5,00,000 10%
5,00,001 to 10,00,000 20%
Above 10,00,000 30%
Female tax payers
Income tax slab (in Rs.) Tax
0 to 2,00,000 No tax
2,00,001 to 5,00,000 10%
5,00,001 to 10,00,000 20%
Above 10,00,000 30%
Senior citizens (Aged 60 years but less than 80 years)
Income tax slab (in Rs.) Tax
0 to 2,50,000 No tax
2,50,001 to 5,00,000 10%
5,00,001 to 10,00,000 20%
Above 10,00,000 30%
Very Senior citizens (Aged 80 and above)
Income tax slab (in Rs.) Tax
0 to 5,00,000 No tax
5,00,001 to 10,00,000 20%
Above 10,00,000 30%
Please find enclosed the Income tax calculator.
CiteHR Attribution: Income Tax Declaration and Salary Calculator


Attached Files
File Type: xls Salary Calculator.xls (20.5 KB, 1508 views)
File Type: xls Income Tax and Salary Calculator 2012-13.xls (50.0 KB, 670 views)

Thank u madam for your reply .
I wanted to know if the employee is getting 5000 or less than that so can we perform tax detection . and if people are having more than 30,000 as salary than how much percent we have to detect it . and i have heard that for salary if the income is more that 80,000 than we have to perform the tax deduction .

Dear Ms. Bharathi, Are you soliciting for monthly salary? Please do not get confused. All you do is calculate annual salary and then see in which slab they fall under.
Hi Bharathi
For Rs. 5000/- of salary and all you can't break it as Wages & HRA. If you do so then the Basic & DA will be lesser than minimum wages.
Please note. Basic + DA shuld be not less than minimum wages.
Even for 22000/- you can make some rough breakup with no TDS. Once your gross reaches then you should plan well for TDS. There are chances for tax applicability.
You can't straight away deduct tax. there are many calculations in TDS
As Ms Sharmila suggested you should consider the TDS brackets and you should consider HRA exemption, Allowances like Conveyance, Medical, Food Copoun, Savings etc

Dear Ms. Bharathi,
Please find the below link. You will be able to see all the information pertaining to Minimum Wages
Home -Acts and Rules-Wages:Ministry of Labour and Employment, Government of India <link updated to site home> ( Search On Cite | Search On Google )
Please refer to the below sheet (Minimum wages revised as of 01.10.2011) for further information - CiteHR Attribution


Attached Files
File Type: xls Minimum Wages industrywise- AP revised as on 01.10.2011.xls (469.5 KB, 216 views)

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