Queries
Hi to all
I have one query on TDS.
Suppose a employee has a net salary (take home) of Rs. 25000/-. Is there any TDS Deduction applicable on this take home. If Yes !! Then how much should be deducted?
Thanks& Regards,
Vandana

6th November 2007 From India, New Delhi

PARTICIPATING IN DISCUSSION:
Svandana9
Manager - Hr
SandhyaMukunda
Finance & Accounts
Ganesh330
Sales Executive
Praveenr22
Accountant
Prince0099
Service
Priya Abzer
Hr Manager
+4 Others

Hi All,
I am praveen from bangalore.My company has deputed some of our candidates in LGSI.We pay salary to them which is reimbursed by LGSI.
Should they deduct TDS on it or it is case where TDS is not applicable for reimbursement of expenses and whether service tax is applicable for reimbursement of food expenses.
7th November 2007 From India, Bangalore
Hi Vandana,
An employee drawing Rs. 25000 pm as salary, Employer has to deduct TDS assuming that he don't have any investments done.
Other thing, once the employee joins pls take from him Investment declaration form. Based on the Investment made, you will know what would be the amount of deduction.
Thanks
Sandhya
7th November 2007 From India, Bangalore
Hi Praveen,
Salary Payment made to employees, reimbursed by LGSI may be treated as professional receipts. TDS has to be deducted by LGSI for payment of professional charges.
Service tax is not applicable on reimbursement of food expenses.
Regards
Sandhya
7th November 2007 From India, Bangalore
Total Take home Amount 25000 X 12 =300000
Up to 160000 no tax
160001 to 300000 : 10%
300001 to 500000 : 20%
Above 5000000 : 30%
160000-300000= 140000
140000*10/100 = 14000
14000*2/100 = 280
14000*1/100 = 140
Total Taxble Amount = 14,420.00
26th April 2010 From India, Hyderabad
Hi!!
My employee is being paid take home salary as Rs. 70K per month. To my knowledge, he'll need to pay TDS at the rate 0f 30.3%.
Now, if he produces house rent receipts amounting to Rs. 16K per month as for HRA exemption, Rs. 1250 as medical, how much TDS he'll need to pay now??
Please provide me with calculations.
My email ID:
10th June 2010 From India, Mumbai
Dear All,
My monthly salary is 23500 from April'13 to Aug'13 and 26500 from Sep'13 to March'14. and also expecting annual incentive 1,97,000.
I have home rent slip of Rs. 96000 PA and LIC insurance 18612.
Therefore, kindly suggest me that how much TDS I have to pay.
Thanks,
Jai
6th October 2013 From India, Mumbai
HI, MY MONTHLY SALARY IS 23000/-. HOW MANY THE TDS WILL DEDUCT AND HOW CAN I GET IT BACK. PLEASE GIVE ME FULL PROCEDURE.
30th April 2015 From India, Pune
My salary pa is 300000 i want to know abt my deduction in tds. What amount will it be deducted and is it monthly or anually
1st November 2015 From India, undefined
My Employee Take home salary is 150000 per month in which he receives Convenience allowance + medical allowance + Ta (1600+1250+1000) and has produced doc against section 80c for rs 100000/- (per annum) and is paying rent fr rs 17000/ month. Please let me know his TDS/yr
5th January 2017 From India, Kochi

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