Hello Every one,
I would be glad if any one could help me out how to calculate TDS on the following salary structure..
Basic Pay : 3,60,000
HRA : 1,80,000
Conveyance Allowance: 9,600
Special Allowance: 1,70,400

PF @ 12% Employers Contribution: 9,360
Total Cost to Company (CTC): 7,29,360
Shikha Godiyal

From Canada, Toronto

Executive - HR/Admin
Hi you can try this attachment. it is helpful to calculate TDS another thing, check PF amount as it would be 12% of basic Txs
From India, Delhi

Attached Files
File Type: xls Book1.xls (21.0 KB, 4607 views)


Hr Manager
Suppose take member asB.Sagar
SL No Descriptions Actual Gross Salary Per Month No of Month Gross Salary Per Year
1 23,000.00 12 276,000.00
Less: Professional Tax 200.00 12 2,400.00
Providend Fund 780.00 12 9,360.00
Conveyance 800.00 12 9,600.00
Hra 2,600.00 12 31,200.00
Less: U/S 80 C :-
Total Amount 52,560.00
Balance Amount 223,440.00
Income Tax Slabs for F.Y. 2012-2013
Up to 2,00,000.00 Nil 200,000.00
2,00,001.00 to 5,00,000.00 10.00%
5,00,001.00 to 10,00,000.00 20.00%
>10,00,001.00 30.00%
Balance Taxable Amount 23,440.00
Tax Amount 2,344.00
Surcharge @ 3% 70.32
Total TDS Deductable 2,414.32
TDS Deductable P/M 201.19

From India, Hyderabad

Hr Manager
Hi This might be useful for you for calculating tds IF any saving are there enter in 80c section to reduce the value.
From India, Hyderabad

Attached Files
File Type: xls TDS.xls (31.0 KB, 2763 views)


Accounts & Finance
Hello Shikha I am enclosing herewith one Computation you can calculate TDS accordingly.
From India, Pune

Attached Files
File Type: xls Computation A.Y. 13-14.xls (45.0 KB, 1883 views)

Hello Shikha you can try this attachment. it is helpful to calculate TDS Abhitkumar Parab 9422002885
From India, Mumbai
Amruta AB

Still trying to be an expert
Can any body help me? The performance incentive / sales incentive part is also added into your gross salary while calculating taxable income?What about annual ex gratia payment we get from the company?

From India, Pune
Hi Amruta, Annual Bonus or Ex-gratia payments are also form part of remuneration / income from salary and must be included for IT computation. Rgds, S. Dass
From India, Bangalore
Dear Shikha,
Based on your inputs given, I have calcuated the TDS. The TDS amount comes to Rs.30000/- It is arrived considering he/she will stay in a rented house and pays rent of Rs.12000/- pm. And also makes an investment of Rs.1.00 lac including his PF contribution of Rs.9360/-.
Gross Salary 720000
Less HRA 108000
Less: Conv 9600
Less: Prof Tax 2400
Sub Total 120000
Gross Total Income 600000
Less: PF Contribution 43200
Less Investment 56800 100000

Taxable Income 500000
1-200000 Nil
200001-500000 10% 30000 Taxable Amount
Hope this is clear now.

From India, Bangalore

Hello sir , please help me to computation of income tax for business or profession.
From India, Bokaro Steel City
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