views but no reps. citehr members pls help
i found some tds calc on taxmann.net where you gotta provide your net income & it computes tds but isn't it right that tds is on net taxable income & not net income. please share your expert views.
Hi friends,
firstly congrats for the wonderful & helpful people who are making citehr a truly great community.
I am a recent HR under probation in a startup IT company & been given many tasks out of which i'm finding major problem in "preparing salary slip for a IT engineer". before anyone says "search the forum" let me say that i've read most of the topics on the subject & downloaded lot of word & excel samples & indeed its useful but lot of confusion so please help.
The company wants me to prepare the salary package of an newly appointed person who would work as software engineer. His gross is around 16k & net around 14k per month.
After reading various posts i came to the conclusion that the basic could be fixed between 3.5k to 4k (lower better), hra 40 to 50% of basic, pf 12% of basic (strictly), professional tax 200 (strictly as per slabs)
I did lot of seraching for tds but did not find anything useful. how do i calculate tds. after fixing the basic how do i divide remaining amout. i have to divide it as hra,grade,special,ta,any others. specific sample salary slip would be highly appreciated.
Vikram Sharma
i found some tds calc on taxmann.net where you gotta provide your net income & it computes tds but isn't it right that tds is on net taxable income & not net income. please share your expert views.
Hi friends,
firstly congrats for the wonderful & helpful people who are making citehr a truly great community.
I am a recent HR under probation in a startup IT company & been given many tasks out of which i'm finding major problem in "preparing salary slip for a IT engineer". before anyone says "search the forum" let me say that i've read most of the topics on the subject & downloaded lot of word & excel samples & indeed its useful but lot of confusion so please help.
The company wants me to prepare the salary package of an newly appointed person who would work as software engineer. His gross is around 16k & net around 14k per month.
After reading various posts i came to the conclusion that the basic could be fixed between 3.5k to 4k (lower better), hra 40 to 50% of basic, pf 12% of basic (strictly), professional tax 200 (strictly as per slabs)
I did lot of seraching for tds but did not find anything useful. how do i calculate tds. after fixing the basic how do i divide remaining amout. i have to divide it as hra,grade,special,ta,any others. specific sample salary slip would be highly appreciated.
Vikram Sharma