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
From India, New Delhi
Acknowledge(0)
Amend(0)
Thanks & Regards,
Ajeet
From India, New Delhi
Acknowledge(0)Amend(0)
72
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
From India, Hyderabad
Acknowledge(0)Amend(0)
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
From India, Hyderabad
Acknowledge(0)Amend(0)
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
From India, New Delhi
Acknowledge(0)Amend(0)
- 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
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Ajeet, This Attached file might also help you. regards, Amarjeet
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Please let me know the calculation of TDS on salary especialy on the part of HRA and what are the essencial part to be consider for the same as on priority basis .
From India, Faridabad
Acknowledge(0)Amend(0)
From India, Faridabad
Acknowledge(0)Amend(0)
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
From India, Kolhapur
Acknowledge(0)Amend(0)
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
From India, Kolhapur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY CALCULATOR & INCOME TAX.zip
Income Tax Calculation 2009-10 - Salaries.xls