Please let me know the TDS amount to be deducted from a Salary amount of Rs.44000/- p.m. for a male employee.
From India, Delhi
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5From India, Delhi
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Assuming a total salary of ₹44,000 * 12 = ₹5,28,000. If you don't use Section 80C or HRA, then TDS will be ₹35,600 per year, i.e., ₹3,000 per month. If you use Section 80C, then your TDS should be ₹22,800 per year, i.e., ₹1,900 per month. If you claim HRA and Section 80C, then TDS will be lower depending on your HRA amount.
Hope that helps.
From India, Pune
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Hope that helps.
From India, Pune
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First of all please give the details of salary. If this is net of after all deduction than TDS is Rs. 36668/- P.A.(Monthly deduction is 3056/-) Thanks
From India, Pune
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From India, Pune
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Basic 26400/- Hra 13200/- cca 4400/- Gross is rs. 44000/-p.m. , rent receipt of Rs. 10,000/- was submitted by the candidate(staying in Delhi) Please let me know the TDS amount per month.
From India, Delhi
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From India, Delhi
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Hai Find Attachment For Your Reference. Further any Clarification Please Call to My Bangalore Cell No: 9845035547 Regards Umashankar Bangalore
From India, Bangalore
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From India, Bangalore
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As per your salary bifurcation in the Excel sheet, the breakdown is as follows:
Salary Breakdown
Basic: 234,000
HRA: 117,000
Conveyance: 74,880
As you wrote in your earlier blog:
Basic: 26,400/-
HRA: 13,200/-
CCA: 4,400/-
Yearly CTC
316,800
158,400
52,800
Total income: 528,000
Deductions
- HRA: 7,360 * 12 = 88,320
- Conveyance: 9,600
- PF deduction @ 12% of Basic: 38,016
Total deductions: 135,936
Taxable Income and Tax Calculation
Taxable income: 528,000 - 135,936 = 392,064
Tax: 392,064 - 200,000 = 192,064 * 10.3% = 19,783
Total tax: 19,783 / 12 = 1,648
Monthly TDS: 1,648
Please review the above details and let me know if you need any further clarification.
Thank you.
Best regards
From India, New Delhi
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Salary Breakdown
Basic: 234,000
HRA: 117,000
Conveyance: 74,880
As you wrote in your earlier blog:
Basic: 26,400/-
HRA: 13,200/-
CCA: 4,400/-
Yearly CTC
316,800
158,400
52,800
Total income: 528,000
Deductions
- HRA: 7,360 * 12 = 88,320
- Conveyance: 9,600
- PF deduction @ 12% of Basic: 38,016
Total deductions: 135,936
Taxable Income and Tax Calculation
Taxable income: 528,000 - 135,936 = 392,064
Tax: 392,064 - 200,000 = 192,064 * 10.3% = 19,783
Total tax: 19,783 / 12 = 1,648
Monthly TDS: 1,648
Please review the above details and let me know if you need any further clarification.
Thank you.
Best regards
From India, New Delhi
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For your reference, PF contributions from the employer will be taxable, while those from the employee will be tax-free. Please find the revised calculation sheet attached for your review.
If any savings fall under the 80C category, taxes will be reduced. Additionally, any other benefits provided by the employer, such as bonuses or leave encashment, will be subject to applicable tax rates.
Regards,
Umashankar
From India, Bangalore
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If any savings fall under the 80C category, taxes will be reduced. Additionally, any other benefits provided by the employer, such as bonuses or leave encashment, will be subject to applicable tax rates.
Regards,
Umashankar
From India, Bangalore
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Salary Breakup alongwith TDS working and Computation A.Y. 13-14.xls