hi i am working with a movie production house and my salary is 35000 i want to know that how much amount should company cut from my salary as tds
From India, Mumbai
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7From India, Mumbai
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If you are on a contract basis, normally the TDS would be approximately 10.3% of 35,000 INR per month, which should be around 3,605 INR. However, when you file for your tax returns, almost half of the deducted TDS can be refunded.
Thank you.
From India, Bangalore
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Thank you.
From India, Bangalore
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As per my knowledge, your CTC is ₹4,20,000, and in this, ₹2,00,000 is exempted. Now you're left with ₹2,20,000. Under section 80C, you can show savings of ₹1,00,000. Now you're left with ₹1,20,000. As you fall under category A (i.e., 10% tax would be deducted on this), so ₹1,20,000 * 10/100 = ₹12,000 per annum. Per month, ₹1,000 would be deducted every month.
From India, Bengaluru
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From India, Bengaluru
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Tax Deductions Overview
Still, we can restrict tax under Section 80D for Health Insurance Premiums up to ₹15,000 per annum and Medical Reimbursement up to ₹15,000 per annum. Under Section 10, HRA, conveyance, and PT (Professional Tax) can also be shown.
In Brief:
- Your CTC = ₹4,20,000 PA
- 80C = ₹1,00,000 PA
- 80D = ₹15,000 PA
- Medical Reimbursement or Allowances = ₹15,000 PA
- HRA (Depends on the receipts)
- PT & Conveyance = ₹12,100
So, in total, in a month you will be deducted not more than ₹300.
From India, Bengaluru
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Still, we can restrict tax under Section 80D for Health Insurance Premiums up to ₹15,000 per annum and Medical Reimbursement up to ₹15,000 per annum. Under Section 10, HRA, conveyance, and PT (Professional Tax) can also be shown.
In Brief:
- Your CTC = ₹4,20,000 PA
- 80C = ₹1,00,000 PA
- 80D = ₹15,000 PA
- Medical Reimbursement or Allowances = ₹15,000 PA
- HRA (Depends on the receipts)
- PT & Conveyance = ₹12,100
So, in total, in a month you will be deducted not more than ₹300.
From India, Bengaluru
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Kindly help me with your monthly salary break-up, such as Basic, HRA, Conv. All, Other Allow, Bonus, Arrears, Gross, and the deductions like P.F. and P.T. Also, mention your investments for the year 2012-2013. I shall help you with the exact amount of TDS deduction.
From India, Mumbai
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From India, Mumbai
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Hi Aakash, Kindly find the attached, have only considered Conveyance and PT. Annual Tax to be Deducted 21413.7 Monthly Tax to be Deducted 1784.475 It will reduce if you show your investments.
From India, Mumbai
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From India, Mumbai
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hi, the ctc is 480000, and there is no pf deduction , no phone bill allowance. plz calculate it.
From India, Mumbai
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From India, Mumbai
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Have you made any tax saving under section 80C and 80D. If not then, please go through the previous attachment. Annual Tax to be Deducted 21413.7 Monthly Tax to be Deducted 1784.475
From India, Mumbai
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From India, Mumbai
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Hello Aakash I am enclosing herewith one excel file. From this file you can calculate your TDS.
From India, Pune
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From India, Pune
Acknowledge(1)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 Break up - After deduction.xls
Responsibilitie s of person who is responsible for deduction of TDS on salary.docx