New to Accounting: How Do I Calculate TDS on Salary and What Rate Applies?

ajeetroy
I'm a newcomer to the accounts field. I have little knowledge of TDS on salary. Please suggest how and at what rate TDS will be calculated on salary. Kindly give me an example if possible.

Thanks & Regards,
Ajeet
aa_somani
Form 16 is attached herewith.
Regards,
Atul Somani
1 Attachment(s) [Login To View]

Krishnakumar.a.b
Tax Rates for Different Income Levels

For Male, Female, and Senior Citizens:

- **For Income Between ₹0 to ₹1,60,000:** Tax Rate: 0%
- **For Income Between ₹1,60,001 to ₹5,00,000:** Tax Rate: 10%
- **For Income Between ₹5,00,001 to ₹8,00,000:** Tax Rate: 20%
- **For Income Above ₹8,00,001:** Tax Rate: 30%

Additional Charges:

- **Surcharge:** 0%
- **Education Cess:** 3%

Regards
ajeetroy
In fact, I just want to know at what rate I will deduct TDS on the salary details given below:

- Basic Pay: $10,000.00
- HRA: $4,000.00
- CCA: $1,000.00
- Conveyance: $1,500.00
- Medical Allowance: $1,500.00
Total: $18,000.00

Kindly teach me.

Regards,
Ajeet
Ajeetmx
Dear Ajeet, the attached file might also help you.

Regards,
Amarjeet
1 Attachment(s) [Login To View]

ankur.ashu
Please let me know the calculation of TDS on salary, especially regarding the part of HRA, and what are the essential parts to be considered for the same on a priority basis.
shrinisar
TDS Deduction on Salary

Please help me; in the salary sheet, I want to add a TDS column from this month (August 2011) and want to deduct TDS at the prevailing/applicable rate. Please consider the following figures:

- Employee's basic salary is Rs. 9600, and the gross salary goes to around Rs. 16000.
- Employee's basic salary is Rs. 15000, and the gross salary goes to around Rs. 21000.

Please let me know how much to deduct per month.

Thanks, and it's urgent.

Regards
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute